Financing ·
Willis Lease raises $35M in private placement of Series B preferred stock at $20 per share
WLFCWillis Lease Finance Corp
Willis Lease Finance Corporation entered into a Series B Preferred Stock Purchase Agreement with the Development Bank of Japan Inc. on September 16, 2026, to issue 1,750,000 shares of newly issued Series B Preferred Stock in a private placement at $20.00 per share. The transaction is expected to generate approximately $35 million in gross proceeds before offering fees and expenses, with closing anticipated by the end of the third quarter of 2026. The preferred stock carries an 8.09% annual dividend rate and a liquidation preference of $20.00 per share. Willis Lease Finance Corporation is a leading lessor of commercial aircraft engines and provider of aviation services.