Sky Harbour Announces Interest Rate Swap on $200MM J.P. Morgan Facility, Locking-in 4.73% Fixed; Welcomes Investors to Upcoming Investor Conferences
Core Viewpoint - Sky Harbour Group Corporation has announced a floating-to-fixed interest rate swap with JPMorgan Chase Bank, resulting in a fixed interest rate of 4.73% on its $200 million tax-exempt warehouse facility [1] Group 1 - The company is focused on building the first nationwide Home Base Operator (HBO) network for business aircraft [1] - The interest rate swap is for a duration of 5 years [1] - The tax-exempt warehouse facility is associated with Sky Harbour Capital II LLC [1]