Willis Lease Finance Corporation, a prominent lessor of commercial jet engines, announced a debt offering of $596 million in fixed rate notes through its wholly-owned subsidiary, Willis Engine Structured Trust VIII $(WEST)$. The offering comprises $524 million in Series A Fixed Rate Notes and $72 million in Series B Fixed Rate Notes. The notes are secured by WEST's interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from Willis Lease Finance Corporation or its subsidiaries. The proceeds from the offering will be used to cover fees and expenses related to the offering, fund reserve accounts, and pay Willis Lease Finance Corporation for the acquired engines and airframes.
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