Willis Lease Finance edges down after convertible deal announced

Willis Lease Finance

13/05/2026 22:07

** Aircraft engine lessor Willis Lease Finance WLFC.O shares down 0.8% post-market at $209.99 on very thin trading volumes as it seeks capital raise

** Florida-based WLFC announces offering of $175 mln 5-yr convertible bonds (CBs)

** It intends to use net offering proceeds to temporarily repay amounts outstanding under its revolver until deployed for general corporate purposes

** Co also announces borrowed stock offering underwritten by Morgan Stanley to facilitate delta hedging transactions by some investors in the CBs

** Morgan Stanley, BofA and Deutsche Bank joint bookrunners for CBs offering

** WLFC shares fell for fifth straight day on Weds, closing down 1.3% at $211.67. Still, stock up 56% YTD

** With 7 mln shares outstanding, co has roughly $1.5 bln market cap

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))