Obligation

Sky Harbour Group Corporation Announces its 2023 Financial Results; Updates on New Ground Leases, Construction and Hangar Leasing; Injects Equity into Obligated Group and Files Various Registration Statements with SEC

Retrieved on: 
Wednesday, March 27, 2024

New ground lease at SJC, encompassing an existing hangar facility to be made operational over the coming several weeks, and land for additional future development.

Key Points: 
  • New ground lease at SJC, encompassing an existing hangar facility to be made operational over the coming several weeks, and land for additional future development.
  • New ground lease at ORL, with expected construction commencement in Q2 2025.
  • Construction of Phases 1 in Denver, Phoenix, and Dallas delayed by 3-4 months, with an estimated $26 - $28 million non-recurring remediation cost.
  • We are now gearing up to perform at scale.”
    Sky Harbour will host a live conference call and concurrent webcast at 5 p.m.

Sky Harbour Announces Incoming Chief Operating Officer, New Manufacturing Leadership, and an Update on Construction Budget at Dallas-Addison Airport

Retrieved on: 
Wednesday, January 3, 2024

The Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) (“Sky Harbour” or “the Company”) today announced that Will Whitesell has joined the team as Chief Operating Officer (“COO”).

Key Points: 
  • The Sky Harbour Group Corporation (NYSE: SKYH, SKYH WS) (“Sky Harbour” or “the Company”) today announced that Will Whitesell has joined the team as Chief Operating Officer (“COO”).
  • Loren Benedict has joined Sky Harbour subsidiary, RapidBuilt, as chief of operations.
  • The Company has also released an update to its estimated budget at its Dallas-Addison home basing campus project.
  • As in the past, the Company will protect and support the funding sufficiency of the 2021 Sky Harbour Capital LLC Aviation Facilities Project as amended.

Sky Harbour Announces Two New Developments Aimed at Serving the New York and Connecticut Business Aviation Markets and Provides an Update on Construction Activities

Retrieved on: 
Monday, December 18, 2023

The new Sky Harbour campuses will be developed on approximately 8 acres at BDL and 7 acres at POU.

Key Points: 
  • The new Sky Harbour campuses will be developed on approximately 8 acres at BDL and 7 acres at POU.
  • O’Neil said, “Sky Harbour brings unique and differentiated benefits to our county, the Hudson Valley Region, and New York State.
  • Sky Harbour campuses are constructed in accordance with the Sky Harbour SH16C Prototype hangar design, which is subjected to constant refinement and improvement processes.
  • As in the past, the Company will protect and support the funding sufficiency of the 2021 Sky Harbour Capital LLC Aviation Facilities Project as amended.

Ziegler Prices Financing For Westminster-Canterbury on Chesapeake Bay

Retrieved on: 
Tuesday, December 19, 2023

CHICAGO, Dec. 19, 2023 /PRNewswire-PRWeb/ -- Ziegler is pleased to announce the successful pricing of Westminster-Canterbury on Chesapeake Bay's $423,480,000 Series 2023A and 2023B Bonds (together the "Series 2023 Bonds").

Key Points: 
  • "Westminster-Canterbury on Chesapeake Bay is a premier life plan community in its local market and the broader senior living industry.
  • The new building, named The Bay Tower, will include 226 new Independent Living Units, most of which will have views of the Chesapeake Bay, Atlantic Ocean or Lynnhaven River.
  • "Westminster-Canterbury on Chesapeake Bay is a premier life plan community in its local market and the broader senior living industry.
  • Melton continued, "The Bay Tower financing is the largest senior living public issue Ziegler has ever underwritten and ranks among the largest financings completed in the life plan community industry.

KBRA Assigns AAA Rating to Harris County, TX’s Permanent Improvement and Unlimited Tax Road Refunding Bonds, Series 2023A; Outlook is Stable

Retrieved on: 
Friday, July 21, 2023

KBRA assigns a AAA Rating to Harris County, TX’s Permanent Improvement Refunding Bonds, Series 2023A and Unlimited Tax Road Refunding Bonds, Series 2023A.

Key Points: 
  • KBRA assigns a AAA Rating to Harris County, TX’s Permanent Improvement Refunding Bonds, Series 2023A and Unlimited Tax Road Refunding Bonds, Series 2023A.
  • KBRA additionally affirms the long-term AAA rating for the County’s outstanding Tax and Subordinate Lien Revenue Certificates of Obligation.
  • ■ Strong financial profile supported by generally favorable operations and considerable balance sheet resources, derived from stable property tax collections.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

KBRA Assigns AA+ Rating to City of Pflugerville, TX Combination Tax and Limited Revenue Certificates of Obligation, Series 2023A and Limited Tax Bonds, Series 2023; Affirms Ratings for Outstanding Bonds

Retrieved on: 
Thursday, July 20, 2023

KBRA assigns a long-term rating of AA+ to the City of Pflugerville, Texas (Travis and Williamson Counties, Texas) Combination Tax and Limited Revenue Certificates of Obligation, Series 2023A and Limited Tax Bonds, Series 2023.

Key Points: 
  • KBRA assigns a long-term rating of AA+ to the City of Pflugerville, Texas (Travis and Williamson Counties, Texas) Combination Tax and Limited Revenue Certificates of Obligation, Series 2023A and Limited Tax Bonds, Series 2023.
  • KBRA simultaneously affirms the long-term rating of AA+ for the City’s outstanding Combination Tax and Limited Revenue Certificates of Obligation and Limited Tax Bonds.
  • The City’s participation in the robust Austin MSA economy and employment base lends additional stability to the rating, in our view, as does the City’s abundance of developable land.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

KBRA Releases Rating Report for City of Pflugerville, TX Combination Tax and Limited Revenue Certificates of Obligation, Series 2023

Retrieved on: 
Wednesday, May 17, 2023

On May 15, 2023, KBRA assigned a long-term rating of AA+ to the City of Pflugerville, Texas (Travis and Williamson Counties, Texas) Combination Tax and Limited Revenue Certificates of Obligation, Series 2023.

Key Points: 
  • On May 15, 2023, KBRA assigned a long-term rating of AA+ to the City of Pflugerville, Texas (Travis and Williamson Counties, Texas) Combination Tax and Limited Revenue Certificates of Obligation, Series 2023.
  • KBRA simultaneously affirmed the long-term rating of AA+ for the City’s outstanding Combination Tax and Limited Revenue Certificates of Obligation and Limited Tax Bonds.
  • The Outlook for each obligation is Stable.
  • Click here to view the report.

KBRA Releases Report Assigning AA+ with Stable Outlook to City of El Paso, Texas GO Bonds Series 2023 and GO Refunding Bonds Series 2023A

Retrieved on: 
Wednesday, April 12, 2023

On April 11, 2023, KBRA assigned a long-term rating of AA+ to the City of El Paso, Texas: General Obligation Bonds, Series 2023; and, General Obligation Refunding Bonds, Series 2023A.

Key Points: 
  • On April 11, 2023, KBRA assigned a long-term rating of AA+ to the City of El Paso, Texas: General Obligation Bonds, Series 2023; and, General Obligation Refunding Bonds, Series 2023A.
  • KBRA additionally assigned a long-term rating of AA+ to the city’s outstanding General Obligation Bonds and Combination Tax and Revenue Certificates of Obligation.
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

LPL Financial Welcomes BancorpSouth to Its Institution Services Platform

Retrieved on: 
Tuesday, November 8, 2022

Legacy Cadence Bank, which leveraged LPLs Investment Services platform to support its investment business, merged into BancorpSouth Bank in a deal that closed in October 2021.

Key Points: 
  • Legacy Cadence Bank, which leveraged LPLs Investment Services platform to support its investment business, merged into BancorpSouth Bank in a deal that closed in October 2021.
  • We welcome BancorpSouth Bank to LPLs Institution Services platform, said Ken Hullings, senior vice president, Business Development.
  • LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around.
  • Registered representatives of LPL offer products and services using Cadence Investment Services and may also be employees of Cadence Bank.

Service through Song: The Choral Arts Society of Frederick to Perform at D-Day Ceremonies in Normandy, France

Retrieved on: 
Thursday, November 3, 2022

FREDERICK, Md., Nov. 3, 2022 /PRNewswire-PRWeb/ -- The Choral Arts Society of Frederick (CASF), under the direction of Lynn Staininger, was selected by Historic Programs to represent the United States in D-Day commemorative ceremonies held in Normandy, France from June 3-7, 2023. Historic Programs is a non-profit organization dedicated to honoring veterans and educating younger generations.

Key Points: 
  • FREDERICK, Md., Nov. 3, 2022 /PRNewswire-PRWeb/ -- The Choral Arts Society of Frederick (CASF), under the direction of Lynn Staininger, was selected by Historic Programs to represent the United States in D-Day commemorative ceremonies held in Normandy, France from June 3-7, 2023.
  • Emily Hill, a choir member and a Frederick County Public Schools music teacher, shares Staininger's personal commitment to the cause.
  • "We are grateful to the Choral Arts Society of Frederick for inviting students from the Hood College Choir to be part of this summer's D-Day ceremonies in Normandy, France.
  • To learn more about CASF, please visit their website: http://www.casof.org
    About the Choral Arts Society of Frederick (CASF): For more than 79 years, the Choral Arts Society of Frederick has cultivated a vibrant, inclusive, multi-generational community through the study and performance of quality choral music.