Sky Harbour Group Corp (SKYH): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sky Harbour Group Corp incurred term loan of up to $200 million with JPMorgan Chase Bank, N.A. at 80% of the sum of SOFR and 0.10%, plus 200 basis points maturing September 4, 2030.

Instrument: term loan
Principal: up to $200 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: 80% of the sum of SOFR and 0.10%, plus 200 basis points
Maturity: September 4, 2030
Event: incurrence

Exact text from the filing

a term loan facility in an aggregate principal amount of up to $200 million (the “Term Loan Facility”) at any one time outstanding

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Source: SEC EDGAR

accession 0001437749-25-028762

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