WLFC - Willis Lease to raise $336.7M in fixed rate notes offering

Willis Lease Finance (WLFC) wholly-owned subsidiary, Willis Engine Structured Trust ((WEST)) VI, intends to offer $336.7M in principal amount of fixed rate notes.Notes are expected to be issued in three series, with the Series A Notes to be issued in principal amount of ~$278.6M, the Series B Notes in principal amount of ~$38.7M and the Series C Notes in principal amount of ~$19.4M.Notes will be secured by, among other things, WEST's direct and indirect interests in a portfolio of 29 aircraft engines and one airframe, which WEST will acquire from Willis post an asset purchase agreement.Net proceeds will be used for paying Willis periodically over a 270-day delivery period as consideration for the aircraft engines and the airframe acquired by WEST from Willis related to the financing.Remaining to be used for general corporate purposes.

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Willis Lease to raise $336.7M in fixed rate notes offering