Willis Lease Finance Corporation announced on June 6, 2025, that its wholly-owned subsidiary, Willis Engine Structured Trust VIII (WEST), has priced its offering of $596.0 million in fixed rate notes. This includes $524.0 million in Series A Fixed Rate Notes and $72.0 million in Series B Fixed Rate Notes.
The Series A Notes will have a fixed coupon of 5.582%, while the Series B Notes will have a fixed coupon of 6.070%. Both series have an expected maturity of approximately six years and a final maturity of 25 years.
The notes will be secured by a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its subsidiaries. The planned closing date for this significant financing event is June 18, 2025.
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