Willis Lease Finance Prices $200 Million Convertible Notes Offering
MT Newswires Live
May 14
Willis Lease Finance (WLFC) said Thursday it priced a $200 million public offering of 2.50% convertible senior notes due 2031, up from $175 million earlier.
The company said it also plans to give underwriters a 30-day option to buy up to an additional $30 million in notes to cover over-allotments.
Willis Lease said it expects to use the proceeds to temporarily pay down borrowings under its revolving credit facility before using the funds for general corporate purposes.
The company said the offering is expected to close on Monday.
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