Sky Harbour Group Secures $10 Million Unsecured Loan from Yorkville
Sky Harbour Group Corporation's subsidiary, Sky Harbour LLC, has secured a $10 million unsecured loan from YA II PN, Ltd. The loan has a 7.75% interest rate, increasing to 18% upon default, and matures on June 8, 2027. Monthly repayments of $833,333.33 will start on July 8, 2026, for a year. The loan is guaranteed by Sky Harbour Group and includes the issuance of 40,000 shares of Class A common stock to Yorkville. Funds will be used for working capital and general corporate purposes.
Reuters·