Willis Lease Finance Corporation reported on November 4, 2024, that it entered into a new, $1.0 billion, five-year revolving credit facility on October 31, 2024. This new facility replaces the existing $500.0 million revolving credit agreement.
The company may request an additional increase of up to $250.0 million from the lenders, subject to certain conditions. Proceeds from the revolving credit facility are designated for general corporate purposes, enhancing WLFC's financial flexibility.
The credit facility will be available on a revolving basis until October 31, 2029, with loans bearing interest based on a floating rate (Term SOFR) plus a margin. This expanded facility provides incremental capital to support the growth across the WLFC platform.
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