other material
confidence high
sentiment positive
materiality 0.60
Willis Lease to issue $35M Series B Preferred to DBJ; 8.09% dividend
WILLIS LEASE FINANCE CORP
- Entered agreement with Development Bank of Japan for 1,750,000 shares of Series B Preferred at $20.00/share.
- Gross proceeds ~$35M; closing expected by end of Q3 2026, subject to customary conditions.
- Series B pays 8.09% annual dividend with $20.00 per share liquidation preference.
- Follows 2024 DBJ investment; proceeds to support growth, including new Willis Engine Repair Center in Malaysia.
- Private placement exempt under Section 4(a)(2); no general solicitation.