Willis Lease Finance issues $200M 2.50% Convertible Senior Notes due 2031

WILLIS LEASE FINANCE CORP

Issued $200M aggregate principal of 2.50% Convertible Senior Notes due May 15, 2031; underwriters have 30-day option for additional $30M.
Initial conversion rate 3.7202 shares per $1,000 principal, conversion price ~$268.80 per share.
Interest payable semi-annually on May 15 and Nov 15, beginning Nov 15, 2026.
Concurrent Delta Placement: 281,250 shares of common stock sold by Morgan Stanley to facilitate hedging; company received no proceeds.
Notes are senior unsecured obligations; redeemable at company's option on/after May 21, 2029 if stock price exceeds 130% of conversion price.

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