WILLIS LEASE FINANCE CORP 8K

Willis Lease Finance Corporation agreed to a secondary offering of 281,250 borrowed common shares, tied to a concurrent $200–$230 million convertible notes offering due 2031, solely to facilitate hedging by convertible arbitrage investors with no new share issuance.

Willis Lease Finance Corporation entered into an underwriting agreement with Morgan Stanley & Co. LLC and other underwriters for the secondary offering of 281,250 borrowed shares of its common stock, to be sold at an initial public offering price of $192.00 per share in connection with, and substantially concurrently with, a separate registered offering of up to $200 million (or $230 million if the option is exercised) of 2.50% Convertible Senior Notes due 2031; the shares will be borrowed from non‑affiliate third parties and used to facilitate hedging and short-sale transactions by convertible arbitrage investors in the notes, with no new common shares being issued by the company, and closing of the share offering is conditioned on the successful closing of the notes offering and satisfaction of customary conditions including legal opinions, comfort letters, and lock-up agreements.

Filing Facts

CIK

1018164

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-228878

Alert Tier

6