UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
Repayment of Aircraft Debt
Mesa Air Group, Inc. (the “Company”) announced that prior to the second closing under its previously disclosed Loan and Guarantee Agreement, dated October 30, 2020, by and among the Company, its subsidiaries named therein, the United States Department of Treasury, and the Bank of New York Mellon as administrative agent and collateral agent, the Company repaid approximately $164.1 million in existing aircraft debt covering 44 aircraft, including indebtedness under its (a) Senior Loan Agreements, dated June 27, 2018, (b) Junior Loan Agreements, also dated June 27, 2018, (c) Credit Agreements, dated January 31, 2007, April 16, 2014, and May 23, 2014, (d) Senior Loan Agreements, dated December 27, 2017, and (e) Junior Loan Agreements, also dated December 27, 2017. The Company used approximately $82.8 million of existing cash and $81.3 million of cash proceeds received from a prepayment under its Capacity Purchase Agreement with United Airlines, Inc. to fund this debt pay down.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 20, 2020 |
MESA AIR GROUP, INC. |
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By: |
/s/ Brian S. Gillman |
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Name: |
Brian S. Gillman |
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Title: |
Executive Vice President and General Counsel |