SANTA MONICA, Calif., Feb. 13, 2017 /PRNewswire/ — Tennenbaum Capital Partners, LLC (“TCP”) announced today certain of its funds have agreed to provide a $100 million engine financing facility to Mesa Air Group, Inc. (“Mesa”), a leading regional airline. The facility will be used to purchase a portfolio of new General Electric CF34-8C5 engines and will provide Mesa with additional financing capacity to support its growing business.

“We have a long history and deep track record in aviation investing and Mesa is a best-in-class operator that serves our nation’s leading airlines,” said Rob DiPaolo, Managing Director of TCP. “We are pleased to provide capital to support Mesa’s fleet requirements and expand our relationship with the airline.”

“We are investing in Mesa’s long-term growth and operational success through the purchase of these new engines,” said Mesa Chairman and CEO Jonathan Ornstein. “With a fleet of 133 large regional jets and industry-leading performance, Mesa is in a unique position in the airline industry. We thank our finance group for their work on this transaction and TCP and Imperial Capital for their continued support.”

Imperial Capital LLC acted as the exclusive financial advisor to Mesa in sourcing the financing. In closing the financing, Mesa was represented by DLA Piper and TCP was represented by Hughes Hubbard and Reed LLP.