Willis Lease Finance Corporation Announces Pricing of $392.9 Million in Fixed Rate Notes

Core Points - Willis Lease Finance Corporation (WLFC) announced the pricing of $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes, totaling $392.9 million [1] - The Notes will be secured by a portfolio of 47 aircraft engines and two airframes, which will be acquired from WLFC or its subsidiaries [1] - The expected maturity of the Series A and B Notes is approximately six years, with a final maturity of 25 years [2] Summary by Sections Company Overview - WLFC is a leading lessor of commercial aircraft engines and provides global aviation services, including leasing large and regional spare aircraft engines, auxiliary power units, and aircraft [5] - The company integrates its leasing activities with engine and aircraft trading, engine lease pools, and asset management services [5] - WLFC also offers various end-of-life solutions for engines and aviation materials [5] Financial Details - The Series A Notes have a fixed coupon of 5.159%, while the Series B Notes have a fixed coupon of 5.696% [2] - The Series A and B Notes will be issued at prices of 99.99937% and 99.99686% of par, respectively [2] - The expected weighted average life of the Notes is 4.1 years [2] Regulatory Information - The Notes have not been registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers [3] - The offering is conducted in compliance with Regulation S under the Securities Act for non-U.S. persons [3]