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Willis Lease Finance Corporation Announces Closing of $392,900,000 in Fixed Rate Notes
Globenewswire· 2025-12-23 13:00
Core Viewpoint - Willis Lease Finance Corporation has successfully completed an offering of $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes, secured by a portfolio of aircraft engines and airframes [1][2]. Group 1: Financial Details - The Series A Notes have a fixed coupon of 5.159% and the Series B Notes have a fixed coupon of 5.696% [2]. - The expected maturity for both Series A and Series B Notes is approximately six years, with a final maturity of 25 years [2]. - The Series A Notes were issued at a price of 99.99937% of par, while the Series B Notes were issued at 99.99686% of par [2]. Group 2: Company Overview - Willis Lease Finance Corporation specializes in leasing commercial aircraft engines and provides various aviation services, including engine maintenance and asset management [5]. - The company operates through its subsidiaries, offering services such as aircraft disassembly, parking, storage, and ground handling [5]. - Willis Sustainable Fuels aims to develop projects to decarbonize aviation [5].
Willis Lease Finance Corporation Announces Pricing of $392.9 Million in Fixed Rate Notes
Globenewswire· 2025-12-11 22:46
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]
Willis Lease Announces Offering of $392.9 Million in Fixed Rate Notes
Globenewswire· 2025-12-10 14:16
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]
Willis Lease Finance Corporation Announces Pricing of $596.0 Million in Fixed Rate Notes
Globenewswire· 2025-06-06 12:03
Core Points - Willis Lease Finance Corporation (WLFC) announced the pricing of $524 million in Series A Fixed Rate Notes and $72 million in Series B Fixed Rate Notes, totaling $596 million [1] - The Series A Notes have a fixed coupon of 5.582% and the Series B Notes have a fixed coupon of 6.070%, with an expected maturity of approximately six years and a final maturity of 25 years [2] Company Overview - WLFC is a leading lessor of commercial aircraft engines and provides global aviation services, including leasing large and regional spare commercial 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, along with various end-of-life solutions for engines and aviation materials [5] - WLFC's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, and airport ground and cargo handling services [5]
Willis Lease Finance Corporation Announces Offering of $596 Million in Fixed Rate Notes
Globenewswire· 2025-06-03 11:30
Core Viewpoint - Willis Lease Finance Corporation (WLFC) is proposing to offer $596 million in total principal amount of fixed-rate notes through its subsidiary, Willis Engine Structured Trust VIII (WEST), secured by a portfolio of aircraft engines and airframes [1][2]. Group 1: Offering Details - The offering includes $524 million in Series A Fixed Rate Notes and $72 million in Series B Fixed Rate Notes [1]. - The notes will be secured by WEST's interests in a portfolio of 62 aircraft engines and two airframes, which will be acquired from WLFC or its subsidiaries [1]. Group 2: Use of Proceeds - The net proceeds from the notes will be used to pay fees and expenses related to the offering, deposit amounts in reserve accounts, and pay WLFC for the aircraft engines and airframes over a 270-day delivery period [2]. - WLFC and its subsidiaries will utilize any net proceeds received to repay debt collateralized by the assets and for general corporate purposes [2]. Group 3: Regulatory Information - The notes will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption [3]. - The offering is limited to "qualified institutional buyers" as defined under Rule 144A and non-U.S. persons in accordance with Regulation S [3].