secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001437749-25-028762
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774925028762/0001437749-25-028762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774925028762/ysac20250910_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-028762

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer