By Matt Wirz
Willis Lease Finance has issued $65 million of asset-backed financings tied to the aircraft engines it leases, helping its stock rise about 8% over the past 10 days.
Shares of private-credit lenders like Willis, Apollo and Blue Owl are rebounding from a brutal start to the month. The surge reflects hopes that U.S. tariffs won't be as high as first announced and that the firms will benefit if trade tensions cause a slowdown in bank lending activity.
The new lease financings were sold to Japanese institutional investors, part of a renaissance of the asset-backed securitization, or ABS, market. Willis leases replacement engines to airlines when existing equipment needs servicing. Publicly traded aircraft-backed bonds have existed for decades, but transactions by private-credit lenders surged in the past five years as banks retreated.
Willis has carved out a niche by marketing the transactions directly to Japanese buyers starting in 2023 and has raised $120 million so far through the deals, according to a statement.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 29, 2025 14:07 ET (18:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。