Mesa Air Group Inc. and its subsidiary Mesa Airlines, Inc. have amended their existing Loan and Guarantee Agreement with Jefferies Capital Services, LLC, acting as lender, and The Bank of New York Mellon as agent. Under the amendment, the maturity date of the loan has been extended from October 30, 2025, to November 28, 2025, with an option for Mesa to extend it by an additional 30 days. The interest rate on the loan has been reduced to zero percent for 90 days, and certain financial covenants, including collateral coverage and liquidity tests, have been waived through the new maturity date. In connection with the amendment, Mesa Airlines deposited $31.9 million into a collateral account and pledged an aircraft engine as additional collateral. Upon full repayment of the loan at maturity, the principal amount will be reduced by $12.3 million. The changes also waive specific restrictions to facilitate Mesa's planned merger with Republic Airways Holdings Inc.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mesa Air Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-258482), on October 30, 2025, and is solely responsible for the information contained therein.
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