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Sky Harbour Announces Pricing of its Series 2026 Bonds at 6%
1.29.26
Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of Home Base Operator (HBO) campuses for business aircraft, announced today that its indirect, wholly-owned subsidiary Sky Harbour Capital III LLC (“SKYH Capital III”) priced its Series 2026 Aviation Facilities Project bonds (the “Series 2026 Bonds”) at a yield of 6.0%. The Series 2026 Bonds were priced at par, carry a 6.0% coupon, and benefit from a mandatory tender on January 1, 2031. The Series 2026 Bonds are proposed to be issued by the Public Finance Authority of Wisconsin, a multi-jurisdictional conduit issuer. Through underwriters Barclays Capital Inc., J.P. Morgan Securities LLC, and Academy Securities, the Series 2026 Bonds received approximately $450 million in orders from 18 institutional fund investors. The transaction was upsized from the original $100 million to $150 million given investor demand. The Series 2026 Bonds are expected to be issued on or about February 12, 2026, subject to customary closing conditions.