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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/10/21 Willis Lease Finance Corp. 8-K:1,8,9 5/07/21 11:159K Donnelley … Solutions/FA |
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Form 8-K |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): i May 7, 2021
Willis Lease Finance Corporation
(Exact name of registrant as specified in its charter)
i Delaware | i 001-15369 | i 68-0070656 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
i 4700 Lyons Technology Parkway
i Coconut Creek, i FL i 33073
(Address of principal executive offices)
Registrant’s telephone number, including area code: i (561) i 349-9989
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
i ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
i ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
i ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
Trading Symbol |
Name of exchange on which registered | ||
i Common stock, $0.01 par value per share | i WLFC | i NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. | Entry into a Material Definitive Agreement. |
On May 7, 2021, Willis Lease Finance Corporation (the “Company”) and its direct, wholly-owned subsidiary, Willis Engine Structured Trust VI (“WEST”), entered into a note purchase agreement dated May 7, 2021 (the “Note Purchase Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc. and Wells Fargo Securities, LLC (collectively, the “Initial Purchasers”). The Note Purchase Agreement provides for the issuance and sale of $278.6 million aggregate principal amount of WEST Series A 2021-A Fixed Rate Notes, $38.7 million aggregate principal amount of WEST Series B 2021-A Fixed Rate Notes and $19.4 million aggregate principal amount of WEST Series C 2021-A Fixed Rate Notes (collectively, the “Notes”) to the Initial Purchasers. The Initial Purchasers are expected to resell the Notes pursuant to Rule 144A and Regulation S of the Securities Act of 1933. The Notes will be secured by (among other things) WEST’s direct and indirect ownership interests in a portfolio of 29 aircraft engines and one airframe. The Note Purchase Agreement contains customary representations, warranties, covenants and closing conditions for a transaction of this type. The Note Purchase Agreement also contains provisions pursuant to which the Company and WEST agree to hold harmless and indemnify the Initial Purchasers against damages under certain circumstances, which are customary for a transaction of this type.
The issuance and sale of the Notes are part of an offering, which, subject to satisfaction of a variety of customary conditions precedent, is scheduled to close on May 17, 2021. The Company can give no assurance that the transaction will close on that date or at all.
Item 8.01 | Other Events. |
On May 10, 2021, the Company issued a news release in connection with the matters described under Item 1.01 above. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits: |
Exhibit |
Description | |
99.1 | News release dated May 10, 2021, announcing the pricing of the offering by WEST of $336.7 million of fixed rate notes. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by its undersigned duly authorized officer.
WILLIS LEASE FINANCE CORPORATION | ||||||
Date: May 10, 2021 | By: | |||||
Dean M. Poulakidas | ||||||
Senior Vice President and General Counsel |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
5/17/21 | 8-K | |||
Filed on: | 5/10/21 | |||
For Period end: | 5/7/21 | |||
List all Filings |