debt
confidence high
sentiment neutral
materiality 0.50
Sky Harbour subsidiary issues $15M promissory note to Yorkville; issues 50,000 shares
Sky Harbour Group Corp
- $15M non-convertible unsecured promissory note issued by Sky Harbour LLC to Yorkville, maturing June 8, 2027.
- Interest rate 7.75% (18% upon default); quarterly principal payments of $1.25M begin July 8, 2026.
- Company guarantees the note; proceeds for working capital and general corporate purposes.
- Issues 50,000 shares of Class A common stock to Yorkville in registered direct offering under shelf registration.