Sky Harbour Group Corporation (SKYH) secured a $200 million tax-exempt warehouse drawdown bank facility with J.P. Morgan. The loan, issued through the Public Finance Authority of Wisconsin, will fund new hangar projects with 65% leverage and a 5.60% interest rate. The facility has a five-year bullet maturity, allows for refinancing without penalty, and could expand to $300 million. Legal and advisory support was provided by multiple firms. SKYH closed at $9.99 on Friday, down 2.63% on the NYSE with no after-hours movement. The CEO praised J.P. Morgan’s tailored support, while the CFO highlighted the cost-efficiency of the agreement.

Read more at Nasdaq: Sky Harbour Secures $200 Mln Tax-Exempt Facility From J.P. Morgan For Hangar Expansion