Willis Lease Finance Corporation completed the offering of Series A and Series B Fixed Rate Notes through its subsidiary, Willis Engine Structured Trust IX.
The Notes are secured by a portfolio of 47 aircraft engines and two airframes acquired from WLFC or its subsidiaries.
Series A Notes have a fixed coupon of 5.159%, while Series B Notes have a fixed coupon of 5.696%.
Series A and Series B Notes Issued
$337,400,000 in Series A Notes and $55,500,000 in Series B Notes were issued with fixed coupons of 5.159% and 5.696%.
Security of the Notes
The Notes are secured by 47 aircraft engines and two airframes acquired through an asset purchase agreement.
Regulatory Compliance
The Notes have not been registered under the Securities Act and are offered to qualified institutional buyers under Rule 144A.
- Willis Lease Finance Corporation strengthens its financial position through the closing of the Fixed Rate Notes offering.
- The financing will support the Company's continued operations and growth initiatives in the aviation industry.
The successful completion of this offering underscores WLFC's strategic approach to funding and expansion in the aviation market.