Sky Harbour Group Completes $150 Million Revenue Bond Financing

Sky Harbour Group ( (SKYH) ) has provided an update.

On February 12, 2026, Sky Harbour Capital III LLC, an indirect subsidiary of Sky Harbour Group, completed a $150 million financing via Revenue Bonds, Series 2026, issued through Wisconsin’s Public Finance Authority and guaranteed by key operating subsidiaries. The bonds, bearing a 6.000% coupon and structurally subordinate to the company’s 2021 bonds and term loan facility, feature a mandatory tender in 2031 ahead of their 2060 maturity, effectively requiring refinancing or remarketing by that date.

Sky Harbour plans to use the loan proceeds, alongside up to $200 million from its existing drawdown note facility and other funds, to finance or refinance construction, equipping and improvements of aircraft storage projects, fund a debt service reserve, cover capitalized interest through January 1, 2029, and pay issuance costs. The secured transaction, which includes customary events of default and optional and mandatory redemption features, strengthens the company’s capital structure for its 2026 aviation infrastructure projects while layering additional subordinated debt into its financing stack.

The most recent analyst rating on (SKYH) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Sky Harbour Group stock, see the SKYH Stock Forecast page.

Spark’s Take on SKYH Stock

According to Spark, TipRanks’ AI Analyst, SKYH is a Neutral.

The score is primarily held back by weak financial fundamentals—ongoing losses, negative operating/free cash flow, and high leverage—despite revenue and margin improvement. Technicals also remain soft with price below major moving averages and sub-50 RSI. Offsetting these, the latest earnings call and recent financing events point to strong growth and improved funding access with a near-term path toward cash-flow breakeven, but execution and cost risks remain material.

To see Spark’s full report on SKYH stock, click here.

More about Sky Harbour Group

Sky Harbour Group Corporation develops and operates aircraft storage facilities, focusing on specialized aviation infrastructure for corporate and private aircraft operators. Through subsidiaries such as Sky Harbour LLC and various project entities, the company finances, builds, equips and improves hangar and related aviation facilities across multiple U.S. markets, supported by revenue bond structures.

Average Trading Volume: 124,969

Technical Sentiment Signal: Sell

Current Market Cap: $672.1M

See more insights into SKYH stock on TipRanks’ Stock Analysis page.