secwatch.observer — SEC 8-K summary
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Issuer:     WILLIS LEASE FINANCE CORP (WLFC)
CIK:        0001018164
Form:       8-K
Filed at:   2026-05-18T20:02:53+00:00
Accession:  0001193125-26-228878
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/0001193125-26-228878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018164/000119312526228878/d135974d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-228878

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