Willis Lease subsidiary prices $410M in 8% fixed rate notes secured by 51 engines and 4 airframes

WILLIS LEASE FINANCE CORP

$410M aggregate principal, 8.000% fixed coupon, issue price 98.84814% of par.
Notes secured by WEST's interests in 51 aircraft engines and 4 airframes.
Expected weighted average life 4.6 years, final maturity 25 years.
Planned closing date October 31, 2023; offered under Rule 144A/Reg S.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WILLIS LEASE FINANCE CORP entered into Note Purchase Agreement with BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp. and Credit Agricole Securities (USA) Inc. valued at $410.0 million (effective 2023-10-19).

Action: entry
Agreement: notes offering
Counterparty: BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp. and Credit Agricole Securities (USA) Inc.
Value: $410.0 million
Effective: 2023-10-19

Exact text from the filing

Willis Lease Finance Corporation (the “Company”) and its direct, wholly-owned subsidiary, Willis Engine Structured Trust VII (“WEST”), entered into a note purchase agreement dated October 19, 2023 (the “Note Purchase Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp. and Credit Agricole Securities (USA) Inc. as representatives to the several initial purchasers named therein (collectively, the “Initial Purchasers”).

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WILLIS LEASE FINANCE CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-259685

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