debt
confidence high
sentiment neutral
materiality 0.55
Sky Harbour amends term loan to allow $20M borrowing for Opa Locka Phase II project
Sky Harbour Group Corp
- Borrowed $20M under Term Loan Facility for second phase of Miami-Opa Locka Executive Airport construction.
- Must contribute at least $20M in cash to borrowers within 90 days, expected from Series 2026 Bond proceeds.
- Until replenishment, no new borrowings under facility and negative pledge on San José hangar campus.
- Borrowing not added to borrowing base; Opa Locka Phase II owner not a borrower.