debt
confidence high
sentiment neutral
materiality 0.60
WLFC subsidiary WEST announces $596M note offering secured by 62 engines, 2 airframes
WILLIS LEASE FINANCE CORP
- WEST proposes $524M Series A and $72M Series B fixed rate notes, totaling $596M.
- Notes secured by 62 aircraft engines and two airframes acquired from WLFC.
- Net proceeds to pay fees, fund reserve accounts, and pay WLFC over 270-day delivery period.
- WLFC to use proceeds to repay debt collateralized by assets and for general corporate purposes.
- Notes offered only to QIBs and non-U.S. persons under Rule 144A/Reg S; not registered.
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