Willis Lease closes $35M Series B preferred placement with DBJ and effects 3-for-1 preferred splits

WILLIS LEASE FINANCE CORP

Closed private placement of 1,750,000 Series B preferred shares at $20.00/share with Development Bank of Japan; Series B pays 8.09% annual dividend.
Certificate of Correction filed Sept 24, 2026 nullified the Sept 16, 2024 Series A certificate; the Sept 17, 2024 Series A certificate remains operative.
Three-for-one forward splits raised Series B authorized/issued shares from 1,750,000 to 5,250,000 and Series A from 3,250,000 to 9,750,000, cutting liquidation preference to one-third of $20.00.
DBJ, sole holder of Series A and B preferred, consented to amendments; Series B holders can require redemption on Sept 29, 2031 or on change of control, insolvency, or certain losses.

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