secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS LEASE FINANCE CORP (WLFC)
CIK:        0001018164
Form:       8-K
Filed at:   2026-09-30T19:05:00+00:00
Accession:  0001018164-26-000082
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018164/000101816426000082/0001018164-26-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018164/000101816426000082/wlfc-20260924.htm
  HTML page:      https://secwatch.observer/filing/0001018164-26-000082

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