COCONUT CREEK, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") today reported that on September 27, 2024, WLFC entered into a Series A Preferred Stock Purchase Agreement with the Development Bank of Japan Inc., which refinances WLFC's $50 million of aggregate Series A-1 and Series A-2 preferred stock into one $65 million preferred stock series with a seven-year term, at the rate per annum of 8.35% per share.
"The Development Bank of Japan's preferred stock investment is the result of a strong, long-term relationship between our two organizations, and we are proud to have them as partners," said Scott B. Flaherty, Executive Vice President and Chief Financial Officer of WLFC. "The expansion of their investment provides WLFC with incremental equity to support the continued growth of our business."
Willis Lease Finance Corporation
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. ...
