Sky Harbour Announces $100 Million Bond Offering, Draws $13 Million from JPM Facility and Updates Leasing Activities.

Sky Harbour Group Corporation has filed a Preliminary Limited Offering Memorandum for a $100 million 5-year tax-exempt fixed rate bond offering. The proceeds will be used to finance the development of certain hangar campuses. The company has also completed the onboarding of subsidiaries owning hangar campuses at Camarillo Airport and Bradley International Airport to a committed warehouse bank facility with JPMorgan Chase Bank, N.A. The facility was amended to facilitate the flow of funds securing the proposed bond offering. The company has drawn funds of approximately $13 million to reimburse prior advances and fund reserves.