debt
confidence high
sentiment neutral
materiality 0.60
Sky Harbour subsidiary issues $10M note to Yorkville at 7.75% interest
Sky Harbour Group Corp
- Issued $10M unsecured promissory note through subsidiary Sky Harbour LLC to YA II PN, Ltd. (Yorkville).
- Interest rate 7.75% per annum (18% upon default); matures June 8, 2027.
- Repayment in 12 monthly installments of $833,333 starting July 8, 2026.
- Company also issued 40,000 shares of Class A common stock to Yorkville in registered direct offering.
- Proceeds to be used for working capital and general corporate purposes; parent guarantees note.