Willis Lease Announces Offering of $392.9 Million in Fixed Rate Notes

Core Points - Willis Lease Finance Corporation (WLFC) announced the offering of $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes through its subsidiary, Willis Engine Structured Trust IX (WEST) [1] - The Notes will be secured by interests in a portfolio of 47 aircraft engines and 2 airframes, which will be acquired from WLFC or its subsidiaries [1] - The net proceeds from the Notes will be used for fees related to the offering, reserve accounts for security deposits and maintenance expenses, and to pay WLFC for the acquired aircraft engines and airframes [2] Financial Details - The total amount of the Initial Notes being offered is $392.9 million, comprising $337.4 million in Series A Notes and $55.5 million in Series B Notes [1] - WLFC plans to use any net proceeds received to repay debt collateralized by the assets and for general corporate purposes [2] Regulatory Information - The Notes will not be registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers and non-U.S. persons [3] - The offering does not constitute an offer to sell or a solicitation of an offer to buy in jurisdictions where such actions would be unlawful [4]