On January 29, 2019 Mesa Air Group closed a $91.2 million five-year term loan at LIBOR +3.1%. The proceeds were used to pay down existing debt at LIBOR +7.25% plus yield enhancement of 1.5%. The term loan has a term of five years, with principal and interest payments due monthly over the term of the loan in accordance with an amortisation schedule. The facility refinances a spare engine facility. The obligations under the Term Loan are secured by a first priority lien on 27 aircraft engines (21 used engines securing the obligations under the Spare Engine Facility and the six
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