Willis Lease ups revolver to $285 million, extends term loan maturity

By Sara Rosenberg

New York, Jan. 26 - Willis Lease Finance Corp. increased its revolving credit facility to $285 million from $240 million, according to a news release.

In addition, the company extended the maturity on its $20 million term loan secured by Willis Engine Securitization Trust 2008-B1 notes by one year to Dec. 31, 2011.

Willis Lease is a Novato, Calif.-based company that leases spare commercial aircraft engines and aircraft to commercial airlines, aircraft engine manufacturers, air cargo carriers and maintenance, repair and overhaul facilities.

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