secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS LEASE FINANCE CORP (WLFC)
CIK:        0001018164
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001018164-24-000092
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Willis Lease enters $1.0B revolving credit facility, replacing prior $500M facility
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- New $1.0B five-year revolver matures Oct 31, 2029; proceeds for general corporate purposes.
- Accordion feature allows up to $250M additional commitments subject to lender approval.
- Loans bear interest at Term SOFR plus margin; unused line fee payable quarterly.
- Covenants: interest coverage ≥ 2.25x; leverage ≤ 4.25x (4.00x after June 30, 2025).
- Replaced existing $500M MUFG-led facility; Bank of America acts as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018164/000101816424000092/0001018164-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018164/000101816424000092/wlfc-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001018164-24-000092

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