Willis Lease Finance Corporation (NASDAQ: WLFC), the leading lessor of commercial aircraft engines, announced the pricing of $392.9 million in Fixed Rate Notes through its subsidiary, Willis Engine Structured Trust IX.
The Notes will be secured by an extensive portfolio of aircraft engines and airframes.
The planned closing date for the Notes is December 23, 2025, with specific details on the fixed coupon rates and expected maturities.
Notes Pricing
WEST priced $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes, with distinct coupon rates and maturity outcomes.
Security Backing
The Notes will be secured by WEST's interests in a portfolio of 47 aircraft engines and two airframes acquired from WLFC or its subsidiaries.
Legal Considerations
Not registered under the Securities Act of 1933, the Notes are offered to qualified institutional buyers and non-U.S. persons in compliance with regulations.
- Willis Lease Finance Corporation's move to price Fixed Rate Notes reflects its strategy to secure financing for aircraft engine leasing and related services.
- The secured financing through the Notes enhances the Company's liquidity position and funding capabilities for future growth initiatives.
The pricing of the Fixed Rate Notes by Willis Lease Finance Corporation highlights its commitment to strategic financial planning and leveraging its asset base for sustainable growth.