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Willis Lease Finance Prices $200 Million Convertible Notes Offering

BY MT Newswires | CORPORATE | 07:05 AM EDT

07:05 AM EDT, 05/14/2026 (MT Newswires) -- Willis Lease Finance (WLFC) said Thursday it priced a $200 million public offering of 2.50% convertible senior notes due 2031, up from $175 million earlier.

The company said it also plans to give underwriters a 30-day option to buy up to an additional $30 million in notes to cover over-allotments.

Willis Lease said it expects to use the proceeds to temporarily pay down borrowings under its revolving credit facility before using the funds for general corporate purposes.

The company said the offering is expected to close on Monday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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