Financing ·
Willis Lease raises $35M from Development Bank of Japan via private placement of Series B Preferred Stock
WLFCWillis Lease Finance Corp
Willis Lease Finance Corp closed a private placement of 1,750,000 shares of Series B Preferred Stock at $20.00 per share to the Development Bank of Japan Inc., raising approximately $35 million. The company also filed amendments to effect a three-for-one forward stock split for both its Series A and Series B preferred stock, effective September 30, 2026, reducing the liquidation preference from $20.00 to approximately $6.67 per share. Additionally, the firm nullified a defective prior filing of the Series A Certificate of Designations dated September 16, 2024. Willis Lease Finance Corp operates in the aviation industry, providing aircraft leasing and financing services.