1. WLFC's subsidiary priced $337.4M in Series A and $55.5M in Series B Notes. 2. Notes are secured by 47 aircraft engines and two airframes. 3. Fixed coupon rates are 5.159% for Series A and 5.696% for Series B. 4. The offering targets qualified institutional buyers under Regulation S. 5. Closing date for the transaction is set for December 23, 2025.
FAQ
Why Bullish?
The issuance of fixed-rate notes indicates confidence in future revenue generation, supporting share price. Historical instances of successful financing have often correlated with stock appreciation.
How important is it?
The announcement of secured fixed-rate notes is a clear indication of financial stability, enhancing investor confidence in WLFC's future prospects.
Why Short Term?
The immediate focus is on the upcoming closing date, likely influencing short-term investor sentiment. Past bond offerings have typically impacted stock prices within a few weeks post-announcement.
Willis Lease Finance Corporation Prices $392.9 Million in Fixed Rate Notes
COCONUT CREEK, Fla., December 11, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC), a prominent lessor of commercial aircraft engines and provider of aviation services, has announced the pricing of $392.9 million in fixed rate notes through its wholly-owned subsidiary, Willis Engine Structured Trust IX (“WEST”). This strategic move includes a total of $337.4 million in Series A Fixed Rate Notes and $55.5 million in Series B Fixed Rate Notes, set to close on December 23, 2025.
Details of the Fixed Rate Notes
The newly priced notes will be secured by a portfolio comprising 47 aircraft engines and two airframes, which WEST will acquire from WLFC or its subsidiaries. The specifics of the offering include:
- Series A Notes: $337.4 million with a fixed coupon rate of 5.159%
- Series B Notes: $55.5 million with a fixed coupon rate of 5.696%
- Expected Maturity: Approximately six years
- Weighted Average Life: 4.1 years (based on modeling assumptions)
- Final Maturity: 25 years
- Issue Price: 99.99937% for Series A and 99.99686% for Series B of par
Regulatory Considerations
The notes being offered by WEST are not registered under the Securities Act of 1933 and are limited to qualified institutional buyers. They cannot be sold within the United States absent registration or an exemption. This offering aligns with regulatory requirements, ensuring compliance while aiming to attract institutional investors.
Background on Willis Lease Finance Corporation
Willis Lease Finance Corporation (NASDAQ: WLFC) specializes in leasing commercial aircraft engines and auxiliary power units to airlines globally. Alongside leasing, WLFC provides comprehensive aviation services that encompass:
- Engine and aircraft trading
- Asset management services
- Part 145 engine maintenance
- Aircraft disassembly and storage services
- Development of sustainable aviation fuels
Through its various subsidiaries, WLFC remains committed to advancing the aviation industry's sustainability and operational efficiency.
Forward-Looking Statements
It is important for stakeholders to recognize that this announcement includes forward-looking statements which involve certain risks and uncertainties. These statements reflect expectations of the Company’s future performance and are not guarantees. Various factors, including market trends, economic conditions, and regulatory frameworks, could significantly impact actual results.
Contact Information
For further information, interested parties can contact:
Scott B. Flaherty
Executive Vice President & Chief Financial Officer
Email: sflaherty@willislease.com
Phone: 561.413.0112