{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-228878","form_type":"8-K","ticker":"WLFC","cik":"0001018164","company_name":"WILLIS LEASE FINANCE CORP","filed_at":"2026-05-18T20:02:53+00:00","discovered_at":"2026-05-18T20:03:31.313543+00:00","generated_at":"2026-05-18T20:04:01.918028+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Willis Lease Finance issues $200M 2.50% Convertible Senior Notes due 2031","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-228878","json":"https://secwatch.observer/filing/0001193125-26-228878.json","markdown":"https://secwatch.observer/filing/0001193125-26-228878.md","text":"https://secwatch.observer/filing/0001193125-26-228878.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/0001193125-26-228878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/d135974d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T20:04:01.918028+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b14478a400ccd7fae84f6200752e724e84b11e4","claim":"WILLIS LEASE FINANCE CORP incurred convertible notes of $200,000,000 aggregate principal amount at 2.50% per annum maturing May 15, 2031.","evidence_excerpt":"On May 18, 2026, the Company issued $200,000,000 aggregate principal amount of its 2.50% Convertible Senior Notes due 2031.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/0001193125-26-228878-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$200,000,000 aggregate principal amount"},{"label":"Rate","value":"2.50% per annum"},{"label":"Maturity","value":"May 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0057f5dc268020c8b429b84744b66ad623c25716","claim":"WILLIS LEASE FINANCE CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $200,000,000 (effective 2026-05-18).","evidence_excerpt":"On May 18, 2026, the Company issued $200,000,000 aggregate principal amount of its 2.50% Convertible Senior Notes due 2031. The Notes were issued pursuant to, and are governed by, an indenture (the “ Base Indenture ”), dated as of May 18, 2026 between the Company and U.S. Bank Trust Company, National Association, as trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/0001193125-26-228878-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$200,000,000"},{"label":"Effective","value":"2026-05-18"}],"fact_type":"material_agreement"},{"claim_id":"87babaa67f2eadd7b32afc62eae336d0b6ccedf1","claim":"WILLIS LEASE FINANCE CORP entered into Convertible Notes Underwriting Agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc. and Deutsche Bank Securities Inc. valued at $200,000,000 (effective 2026-05-13).","evidence_excerpt":"Convertible Notes Underwriting Agreement On May 13, 2026, Willis Lease Finance Corporation (the “ Company ”) entered into an underwriting agreement (the “ Convertible Notes Underwriting Agreement ”) with Morgan Stanley & Co. LLC, BofA Securities, Inc. and Deutsche Bank Securities Inc., in connection with the issuance and sale of $200,000,000 aggregate principal amount of the Company’s 2.50% Convertible Senior Notes due 2031","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/0001193125-26-228878-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC, BofA Securities, Inc. and Deutsche Bank Securities Inc."},{"label":"Value","value":"$200,000,000"},{"label":"Effective","value":"2026-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}