McGuireWoods represented JPMorgan Chase Bank, N.A. (JPMorgan Chase) as administrative agent and lender’s counsel in a $200 million tax-exempt warehouse drawdown committed bank facility for Sky Harbour Group Corp., an aviation infrastructure company building the first nationwide network of Home Base Operator campuses for business aircraft.
The initial tax-exempt note underlying the committed facility was issued through the Public Finance Authority, which provides tax-exempt, taxable, and tax credit conduit bonds for public and private entities nationwide.
The McGuireWoods team advising JPMorgan Chase was led by partners Kay McNab and John Semeniak and included associates Drew Crocker LaFountaine, Caroline Perrin, Connor Crews, Stephen O’Neal and Alexander Goodin.
“We were pleased to work with our valued client JPMorgan Chase on this innovative credit facility, which provides Sky Harbour with the necessary flexibility and capital to continue expanding,” said McNab, co-leader of McGuireWoods’ Public Finance and P3, TIF & Infrastructure Practice Groups. “The successful closing of this transaction highlights our deep experience in complex infrastructure financing.”
McGuireWoods holds a Band 1 nationwide ranking in public finance from Chambers USA, the highest awarded by the respected legal guide. The firm’s finance lawyers have earned national recognition for their work in governmental and private activity bonds and are leaders in the use of strategies such as public-private partnerships; special revenue, tax and assessment pledges; lease financings; and tax and revenue anticipation notes.