Sky Harbour entered into a Second Amendment to its term loan facility to permit a $20 million borrowing to fund the second phase of construction at Miami-Opa Locka Executive Airport. The company drew the full $20 million on June 29, 2026, and must contribute at least $20 million in cash to the borrowers to replenish the facility, which may be funded with proceeds from Series 2026 Bonds. Until replenishment is complete, the borrowers agreed not to place liens on the San José Mineta hangar campus. The obligations are guaranteed by the company and Sky Harbour Holdings II.
Agreement details:
- Agreement type: Second Amendment to term loan facility (Draw Down Note Purchase and Continuing Covenant Agreement)
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: Through existing facility term
- Reason: Fund OPF Phase II construction at Miami-Opa Locka
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.