WILLIS LEASE FINANCE CORP (WLFC): debt financing — Willis Lease Finance subsidiary closes $596M fixed-rate note offering

WILLIS LEASE FINANCE CORP

WEST issued $524M Series A (5.582%) and $72M Series B (6.070%) notes, secured by 62 engines and two airframes.
Notes have ~6 yr expected maturity, 5.1 yr weighted avg life, final maturity 25 yrs.
Final subscription multiples: Series A 3.60x gross/5.10x avail; Series B 7.15x/13.00x, indicating strong demand.
Proceeds primarily used to acquire engines/airframes from Willis and for general corporate purposes.
Willis earns servicing fees: 8% senior and 3.5% subordinated of net rents, plus 2% admin fee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

WILLIS LEASE FINANCE CORP incurred senior notes of $596,000,000 in aggregate principal amount of fixed rate notes with U.S. Bank National Association at fixed coupon of 5.582% for Series A Notes and 6.070% for Series B Notes maturing expected maturity of approximately six years, final maturity of 25 years.

Instrument: senior notes
Principal: $596,000,000 in aggregate principal amount of fixed rate notes
Counterparty: U.S. Bank National Association
Rate: fixed coupon of 5.582% for Series A Notes and 6.070% for Series B Notes
Maturity: expected maturity of approximately six years, final maturity of 25 years
Event: incurrence

Exact text from the filing

On June 18, 2025, Willis Lease Finance Corporation (the “Company”) and its direct, wholly-owned subsidiary Willis Engine Structured Trust VIII (“WEST”), closed its offering of $596,000,000 in aggregate principal amount of fixed rate notes (the “Notes”).

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Source: SEC EDGAR

accession 0001018164-25-000082

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