Sky Harbour Group Corp. Enters Material Agreement

TL;DR

Sky Harbour just signed a big deal, creating a new financial obligation.

AI Summary

Sky Harbour Group Corp. entered into a material definitive agreement on September 4, 2025, which also created a direct financial obligation for the registrant. The filing does not specify the other parties involved or the financial details of the agreement.

Why It Matters

This filing indicates a new significant financial commitment or partnership for Sky Harbour Group Corp., which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — The nature of the material definitive agreement and the resulting financial obligation are not detailed, introducing uncertainty about potential risks.

Key Players & Entities

• Sky Harbour Group Corp. (company) — Registrant
• September 4, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share SKYH The New York Stock E
• $11.50 — A common stock at an exercise price of $11.50 per share SKYH WS The New York Stoc
• $200 million — an aggregate principal amount of up to $200 million (the "Term Loan Facility") at any one t
• $300 million — up to an aggregate principal amount of $300 million. No Loans are outstanding as of the dat
• $25 m — principal balance of the Loans reaches $25 million, Borrowers are obligated, to have

Filing Documents

• ysac20250910_8k.htm (8-K) — 43KB
• 0001437749-25-028762.txt ( ) — 199KB
• skyh-20250904.xsd (EX-101.SCH) — 4KB
• skyh-20250904_def.xml (EX-101.DEF) — 14KB
• skyh-20250904_lab.xml (EX-101.LAB) — 19KB
• skyh-20250904_pre.xml (EX-101.PRE) — 14KB
• ysac20250910_8k_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Draw Down Note Purchase and Continuing Covenant Agreement On September 4, 2025, Sky Harbour Capital II LLC ("SH Capital II"), a wholly-owned subsidiary of Sky Harbour Group Corporation (the "Company"), entered into a Draw Down Note Purchase And Continuing Covenant Agreement (the "Credit Agreement"), among SH Capital II, the other borrowers party thereto, the lenders party thereto (the "Lenders") and JPMorgan Chase Bank, N.A., as administrative agent, sole bookrunner and sole lead arranger ("JPMorgan" or "Administrative Agent"). The Credit Agreement provides for, among other things, a term loan facility in an aggregate principal amount of up to $200 million (the "Term Loan Facility") at any one time outstanding. The Term Loan Facility provides for borrowings under the Credit Agreement (the "Loans") to be made by the Lenders from time to time as requested by SH Capital II. The Lenders will make funds available to the Borrowers (as defined below) through the purchase of notes issued by the Issuer (as defined below) pursuant to the Loan and Security Agreement (as defined below) so that the Issuer may fund the Loans to Borrowers. The Loans will mature on September 4, 2030, subject to any extensions by the Lenders. The Term Loan Facility may be increased, subject to credit approval, up to an aggregate principal amount of $300 million. No Loans are outstanding as of the date hereof. The Credit Agreement provides for Loans to be made from time to time by special purpose subsidiaries of SH Capital II (SH Capital II together with the special purpose subsidiaries, the "Borrowers") for the construction and operation of hangar project facilities at various airports (the "Hangar Projects"), subject to customary phased eligibility criteria. Loans will be secured by the real estate underlying the Hangar Projects, pledges of equity interests in the Borrowers and certain revenues of the Borrowers. Sky Harbour LLC, the Company'

View Full Filing

View this 8-K filing on SEC EDGAR