UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 27, 2020
Willis Lease Finance Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware |
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001-15369 |
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68-0070656 |
(State or Other Jurisdiction |
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(Commission File |
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(I.R.S. Employer |
4700 Lyons Technology Parkway
Coconut Creek, FL 33073
(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code: (415) 408-4700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
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Trading Symbol |
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Name of exchange on which registered |
Common stock, $0.01par value per share |
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WLFC |
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NASDAQ Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement
(1) On March 27, 2020, the Company entered into a definitive agreement with International Aero Engines, LLC (IAE) for the purchase of four modern technology Pratt & Whitney aircraft engines, with delivery by March 31, 2020. The value of the transaction is $72.8 million at IAEs 2020 list prices.
(2) On March 31, 2020, the Company entered into a definitive agreement with General Electric Company (GE) for the purchase of three modern technology GE aircraft engines, with delivery on March 31, 2020. The value of the transaction is $99.5 million at GEs 2020 list prices.
The foregoing description of the definitive agreements is qualified in its entirety by reference to the definitive agreements, which will be filed as exhibits to the Companys Quarterly Report on Form 10-Q for the period ending March 31, 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by its undersigned duly authorized officer.
Dated: March 31, 2020 |
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WILLIS LEASE FINANCE CORPORATION | |
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By: |
/s/ Dean M. Poulakidas |
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Dean M. Poulakidas | |
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Senior Vice President and General Counsel |