Mesa Air to pay cash for convertibles' put

By Devika Patel

Knoxville, Tenn., June 11 - Mesa Air Group Inc. said that if its investors exercise their June 16 put option, forcing the company to repurchase its senior convertible notes due 2023, it has elected to pay 100% of the purchase price in cash.

Any notes that are put will be bought back at $387.27 per $1,000 note, plus any unpaid cash interest.

Phoenix-based Mesa Air operates 181 aircraft.

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