Willis Lease Finance Corp. announced that its wholly-owned subsidiary, Willis Engine Structured Trust IX (“WEST”), has completed the previously announced offering of $337.4 million in aggregate principal amount of Series A Fixed Rate Notes (the “Series A Notes”) and $55.5 million in aggregate principal amount of Series B Fixed Rate Notes (the “Series B Notes” and, together with the Series A Notes, the “Notes”). The Notes are secured by, among other things, WEST’s direct and indirect interests in a portfolio of 47 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries pursuant to an asset purchase agreement.

The Series A Notes and Series B Notes have a fixed coupon of 5.159% and 5.696%, respectively, an expected maturity of approximately six years, an expected weighted average life (based on certain modeling assumptions) of 4.1 years and a final maturity of 25 years. The Series A Notes and Series B Notes were issued at a price of 99.99937% and 99.99686% of par, respectively.