Sky Harbour Group Secures $200 Million Tax-Exempt Financing Facility with J.P. Morgan for Expansion Projects

Reuters
Sep 05
<a href="https://laohu8.com/S/SKYH">Sky Harbour</a> Group Secures $200 Million Tax-Exempt Financing Facility with J.P. Morgan for Expansion Projects

Sky Harbour Group Corporation, an aviation infrastructure company, has secured a $200 million tax-exempt warehouse drawdown committed bank facility with J.P. Morgan. The facility is aimed at funding new hangar projects, offering 65% leverage with a 5-year bullet maturity and an approximate floating interest rate of 5.60%. The agreement allows for capitalized monthly interest during the first three years and offers the flexibility to refinance without prepayment penalties. The facility, which can be expanded to $300 million subject to credit approval, represents a strategic financing solution crafted after a competitive selection process. Sky Harbour's leadership expressed gratitude to J.P. Morgan for their innovative approach in meeting the company's financial needs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sky Harbour Group Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250905187029) on September 05, 2025, and is solely responsible for the information contained therein.

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