Monitor the closing of the placement and subsequent 8-K under Item 5.03 for the full Certificate of Designations. The 8.09% dividend yield on the preferred is a fixed charge that will reduce net income available to common shareholders; watch for any impact on common dividend policy.
Price Chart
Executive Summary
Willis Lease Finance Corp entered into a $35 million private placement of 1,750,000 shares of 8.09% Series B Preferred Stock with the Development Bank of Japan Inc. The proceeds will support global aviation services growth, including a new engine repair center in Malaysia. This is a credit-positive capital infusion from a strategic partner, but the 8.09% dividend adds fixed cost and the preferred ranks senior to common equity.
Key Financial Metrics
Key Facts
- 1,750,000 shares of Series B Preferred Stock at $20.00 per share
- Gross proceeds of approximately $35 million
- 8.09% annual dividend on preferred shares
- Liquidation preference of $20.00 per share
- Private placement with Development Bank of Japan Inc. (DBJ)
- Closing expected by end of Q3 2026
- Exempt from registration under Section 4(a)(2) of Securities Act
- Proceeds to support global aviation services growth and new Willis Engine Repair Center in Johor, Malaysia
Financial Impact
$35 million gross proceeds from preferred stock issuance
Risk Factors
- 8.09% annual dividend on $35 million preferred adds $2.83 million in annual fixed charges
- Preferred stock ranks senior to common in liquidation, reducing common equity cushion
- No registration rights granted; shares are restricted and not publicly tradable
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001018164-26-000078 |
| Document: newsreleaseissuedbywillisl.htm | 0001018164-26-000078 |
| Document: 0001018164-26-000078-index-headers.html | 0001018164-26-000078 |
| Document: 0001018164-26-000078-index.html | 0001018164-26-000078 |
| Document: 0001018164-26-000078.txt | 0001018164-26-000078 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $38.54 | awaiting T+1 | — | $38.70 (+0.42%) |
Sep 22, 2026 4w ago | 8-K | $54.89 $54.38 | ▼ −0.93% | ▼ −0.21% | $38.70 (−29.50%) |
Sep 3, 2026 7w ago | Insider Cluster | $56.22 $57.43 | ▲ +2.15% | ▲ +2.70% | $38.70 (−31.16%) |
Aug 25, 2026 8w ago | 8-K | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 25, 2026 8w ago | Press Release | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 24, 2026 9w ago | Insider Cluster | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 19, 2026 9w ago | Insider Cluster | $54.18 $54.37 | ▼ −0.35% | ▲ +0.06% | $38.70 (+28.57%) |
Aug 6, 2026 11w ago | 8-K | $63.92 $61.05 | ▼ −4.49% | ▼ −5.10% | $38.70 (−39.46%) |
Aug 5, 2026 11w ago | Insider Cluster | $63.77 $60.91 | ▼ −4.49% | ▼ −5.10% | $38.70 (−39.31%) |
Aug 4, 2026 11w ago | 8-K | $70.62 $65.21 | ▼ −7.66% | ▼ −7.46% | $38.70 (−45.20%) |
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