By Devika Patel
Knoxville, Tenn., Feb. 19 – Willis Lease Finance Corp. subsidiary Willis Engine Structured Trust II priced $366.2 million of notes in three tranches through a Rule 144A and Regulation S offering on Wednesday, according to a press release.
The company sold $303 million of 3.228% series A notes.
There was $42.1 million of 4.212% series B notes.
Willis priced $21.1 million of 6.657% series C notes.
All three tranches will have an expected maturity of eight years and a final maturity of 25 years.
Willis Lease Finance is a Novato, Calif.-based lessor of commercial jet engines.
| Issuer: | Willis Engine Structured Trust II
|
| Amount: | $366.2 million
|
| Description: | Senior notes
|
| Maturity: | Eight years (expected), 25 years (final)
|
| Trade date: | Feb. 19
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Series A notes
|
| Amount: | $303 million
|
| Coupon: | 3.228%
|
|
|
| Series B notes
|
| Amount: | $42.1 million
|
| Coupon: | 4.212%
|
|
|
| Series C notes
|
| Amount: | $21.1 million
|
| Coupon: | 6.657%
|
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