Willis Lease Finance Corporation is offering $392.9 million in Fixed Rate Notes through its subsidiary, Willis Engine Structured Trust IX.
The Notes will be secured by a portfolio of 47 aircraft engines and 2 airframes acquired from WLFC.
The net proceeds will be used for fees, expenses, and repayment of debt collateral.
Offering Details
$337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes will be offered by WEST.
Security
The Notes will be secured by WEST's interests in the portfolio of aircraft engines and airframes.
Registration Status
The Notes have not been registered under the Securities Act and are offered to qualified institutional buyers.
- The offering provides WLFC with necessary capital for debt repayment and general corporate purposes.
- Securing the Notes with aircraft assets enhances the attractiveness for investors.
- The offering reflects confidence in the aircraft leasing market and WLFC's long-term strategy.
Willis Lease Finance Corporation's successful offering of the Fixed Rate Notes demonstrates investor confidence in the company's growth and financial stability. The use of aircraft assets as collateral highlights the strategic approach to financing operations.