secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS LEASE FINANCE CORP (WLFC)
CIK:        0001018164
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001018164-25-000082
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Willis Lease Finance subsidiary closes $596M fixed-rate note offering
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018164/000101816425000082/0001018164-25-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018164/000101816425000082/wlfc-20250618.htm
  HTML page:      https://secwatch.observer/filing/0001018164-25-000082

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