Willis Lease Finance Corporation announced on June 3, 2025, that its wholly-owned subsidiary, Willis Engine Structured Trust VIII (WEST), proposes to offer $596 million in fixed rate notes. This offering includes $524 million in Series A Fixed Rate Notes and $72 million in Series B Fixed Rate Notes.
The notes will be secured by 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. The net proceeds are primarily intended to pay offering fees, deposit initial amounts in reserve accounts, and provide consideration for the acquired assets.
WLFC and its subsidiaries plan to apply any net proceeds received to repay debt collateralized by the assets and for general corporate purposes. This significant capital raise aims to enhance the company's financial flexibility and support future growth initiatives.
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