Big Plans: Willis Lease Finance Corporation Eyes $392. 9 Million Deal
Willis Lease Finance Corporation, a prominent player in the jet engine leasing industry, has unveiled plans to raise a substantial amount of capital. The company is aiming to secure $392.9 million through the sale of fixed rate notes. These notes are being offered by a subsidiary known as Willis Engine Structured Trust IX (WEST).
Purpose of the Funds
The proceeds from these bonds will be allocated as follows:
- Covering deal-related costs
- Maintenance and other expenses related to a portfolio of 47 aircraft engines and 2 airframes. These assets are being acquired from WLFC or its other subsidiaries.
Target Investors
The bonds are not open to the general public. They are exclusively offered to:
- Large institutions
- Non-U.S. persons
Note: The bonds are not registered with the U.S. Securities and Exchange Commission (SEC).
Investment Risks
Potential investors should be aware of the following risks:
- Unpredictable airline industry dynamics
- Geopolitical factors such as wars, terrorism, and global pandemics
- Market disruptions including changes in oil prices, inflation, and other economic factors
Company Predictions
The company has outlined certain expectations for the future. However, these are not guarantees and actual results may vary. Key factors influencing success include:
- Negotiating equipment purchases, sales, and leases
- Collecting outstanding amounts due
- Controlling costs and expenses
