Sky Harbour enters $200M term loan facility with JPMorgan to fund hangar projects

Sky Harbour Group Corp

Term loan facility of up to $200M (expandable to $300M with credit approval) to finance hangar construction.
Loans mature Sept 4, 2030; interest at 80% of (SOFR+0.10%) plus 200 bps; upfront fee 1.50%.
Covenants include 65% leverage ratio and DSCR <1.25x after Sept 2028 or trigger event.
Borrowers must hedge 50% of interest rate exposure once outstanding balance reaches $25M.

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