Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
WILLIS LEASE FINANCE CORP amended credit facility with Bank of America, N.A. maturing May 3, 2030.
- Instrument
- credit facility
- Counterparty
- Bank of America, N.A.
- Maturity
- May 3, 2030
- Event
- amendment
Exact text from the filing
1 to the Secured Credit Agreement (the “Amended Credit Agreement”) by and among the Borrower, the lenders party thereto, Bank of Utah, not in its individual capacity but solely as Security Trustee and Administrative Agent, and Bank of America, N.A., as Facility Agent, dated as of May 3, 2024. The Amended Credit Agreement primarily includes the following changes, among other things, (i) an extension of the availability period of the commitments from May 3, 2026, to May 3, 2027, (ii) an extension of the final repayment date from May 3, 2029 to May 3, 2030, (iii) more favorable asset advance rates available to the Borrower, and (iv) reduced fees charged on undrawn loan commitments.
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