Willis Lease announces pricing of 4596M in fixed rate notes

Willis Lease (WLFC) Finance announced that its wholly-owned subsidiary, Willis Engine Structured Trust VIII, has priced $524,000,000 in aggregate principal amount of Series A Fixed Rate Notes and $72,000,000 in aggregate principal amount of Series B Fixed Rate Notes. The Notes will be secured by, among other things, WEST’s direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries pursuant to an asset purchase agreement. The planned closing date is June 18, 2025. The Series A and B Notes will have a fixed coupon of 5.582% and 6.070%, respectively, an expected maturity of approximately six years, an expected weighted average life of 5.1 years and a final maturity of 25 years. The Series A and B Notes will be issued at a price of 99.99721% and 99.99711% of par, respectively.