---
schema_version: "secwatch.filing_event.v1"
accession: "0001018164-23-000019"
form_type: "8-K"
ticker: "WLFC"
cik: "0001018164"
company_name: "WILLIS LEASE FINANCE CORP"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:20:33.084029+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Willis Lease amends Series A-1 Preferred terms: extends redemption, raises dividend to 8.5%

## Summary
- Mandatory redemption date for Series A-1 Preferred extended from Oct 17, 2023 to Sep 27, 2024.
- Series A-1 dividend rate increased to 8.5% per annum from 6.5%, effective Oct 16, 2023.
- Amendment agreed with Development Bank of Japan, applies only to Series A-1 holders.
- Series A-2 Preferred terms unchanged at 6.5% rate; no impact on common stock.

## SEC filing metadata
- accession: 0001018164-23-000019
- form_type: 8-K
- ticker: WLFC
- cik: 0001018164
- company_name: WILLIS LEASE FINANCE CORP
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000019/0001018164-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000019/wlfc-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001018164-23-000019
- JSON: https://secwatch.observer/filing/0001018164-23-000019.json
- Plain text: https://secwatch.observer/filing/0001018164-23-000019.txt

## Key facts
- Material Agreements
  WILLIS LEASE FINANCE CORP amended First Amendment to Second Amended and Restated Certificate of Designations, Preferences, and Relative Rights and Limitations of Series A Cumulative Redeemable Preferred Stock with Development Bank of Japan Inc. valued at Extended Mandatory Redemption Event date to September 27, 2024; 8.5% quarterly dividend rate commenc (effective 2023-09-26).
  - Action: amendment
  - Counterparty: Development Bank of Japan Inc.
  - Value: Extended Mandatory Redemption Event date to September 27, 2024; 8.5% quarterly dividend rate commenc
  - Effective: 2023-09-26
  source text: On September 26, 2023, Willis Lease Finance Corporation (the “Company”) entered into the First Amendment to Second Amended and Restated Certificate of Designations, Preferences, and Relative Rights and Limitations of Series A Cumulative Redeemable Preferred Stock with Development Bank of Japan Inc., which impacts only the holders of the Company’s Series A-1 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000019/0001018164-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.