While the company returned to profitability last year, its cash distributions remain suspended.
The proposal calls for a cash distribution of about $600 million to creditors.
Taking a cash distribution, however, leads to an income tax payment and the penalty if the person is below the retirement age.
The first is to take a cash distribution.
"The military commanders love that program, because it buys them friends," said an administration official, referring to the cash distribution.
The $38.60 cash distribution was raised from $38.15 a share.
The units are yielding more than 12 percent, based on a $1.60-a-unit annual cash distribution.
However they received nothing when the cash distribution took place last week.
There are a number of options available for a cash distribution.
It also helped Mesa make a cash distribution of $2 per unit.