Recent Updates — WLFC
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.
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.
Willis Lease Finance Corporation completed the acquisition of WNG II Aircraft Leasing (Cayman) Ltd. and WNG Aircraft Management 3, LLC on August 24, 2026. The transaction involves a portfolio comprising twelve commercial aircraft and thirteen spare aircraft engines. The adjusted purchase price was approximately $262,900,000, derived from a base price of $379,300,000 after adjustments for rent, reserves, deposits, holdbacks, debt discharge, and vendor costs. Willis Lease Finance Corporation is an aircraft leasing company that provides aviation services including engine maintenance and asset management.
On August 3, 2026, Willis Lease Finance Corporation executed a Purchase and Sale Agreement to acquire three commercial buildings in Coconut Creek, Florida, totaling 375,000 square feet for $118.0 million. The company intends to utilize these properties to support expanding operations, including its corporate headquarters, spare parts business facilities, maintenance repair and overhaul services, as well as space for preservation and engine storage. Closing is subject to customary conditions. Willis Lease Finance Corporation operates in the aviation industry, providing aircraft leasing, maintenance, repair, and overhaul services.
Willis Lease Finance Corporation reported second quarter 2026 financial results for the period ended June 30, 2026. The company generated $77.1 million in quarterly lease rent revenue and recognized a $32.0 million gain on the sale of leased equipment. Net income attributable to common shareholders was $28.7 million, resulting in diluted earnings per share of $1.31. Adjusted EBITDA increased 4.0% year-over-year to $120.7 million. The company also announced the issuance of $200 million in senior convertible notes and reported total assets under management of $4.4 billion. Willis Lease Finance Corporation operates as a lessor of commercial aircraft engines and provider of aviation services.