Willis Lease Finance Corp. Signs Material Definitive Agreement
Ticker: WLFC · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1018164
| Field | Detail |
|---|---|
| Company | Willis Lease Finance Corp (WLFC) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $363.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
WLFC signed a big deal on 6/19. Details TBD.
AI Summary
Willis Lease Finance Corp. entered into a material definitive agreement on June 19, 2024. The filing does not disclose specific details of the agreement or any associated dollar amounts, but it is categorized under 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Why It Matters
This filing indicates a significant new agreement for Willis Lease Finance Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its implications.
Key Players & Entities
- Willis Lease Finance Corp. (company) — Registrant
- June 19, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Willis Lease Finance Corp. on June 19, 2024?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on June 19, 2024.
Are there any financial implications or dollar amounts associated with this agreement disclosed in the filing?
No, the filing does not disclose any specific financial implications or dollar amounts related to the agreement.
What are the primary items reported in this 8-K filing?
This 8-K filing reports 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Where is Willis Lease Finance Corp. located?
Willis Lease Finance Corp.'s principal executive offices are located at 4700 Lyons Technology Parkway, Coconut Creek, FL 33073.
What is the fiscal year end for Willis Lease Finance Corp.?
The fiscal year end for Willis Lease Finance Corp. is December 31.
Filing Stats: 505 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-06-25 09:36:06
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share WLFC Nasdaq Global
- $363.9 million — he value of the purchase transaction is $363.9 million at Pratt & Whitney's 2024 list prices.
Filing Documents
- wlfc-20240619.htm (8-K) — 29KB
- pressrelease-purchaseof15p.htm (EX-99.1) — 11KB
- image_0.jpg (GRAPHIC) — 13KB
- 0001018164-24-000049.txt ( ) — 182KB
- wlfc-20240619.xsd (EX-101.SCH) — 2KB
- wlfc-20240619_lab.xml (EX-101.LAB) — 21KB
- wlfc-20240619_pre.xml (EX-101.PRE) — 12KB
- wlfc-20240619_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 19, 2024, the Company entered into a definitive agreement with Pratt & Whitney for the purchase of up to 15 modern technology Pratt & Whitney aircraft engines, with all purchases expected to occur by December 31, 2024. The value of the purchase transaction is $363.9 million at Pratt & Whitney's 2024 list prices. A copy of the press release is attached as Exhibit 99.1 to this report. The foregoing description of the definitive agreement is qualified in its entirety by reference to the definitive agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2024.
01 Financial Statements & Exhibits
Item 9.01 Financial Statements & Exhibits. Exhibit No. Description 99.1 Press Release dated June 2 5 , 2024, announcing entry in t o a material definitive agreement with Pratt & Whitney. 2
SIGNATURES
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 the undersigned duly authorized officer. Dated: June 25, 2024 WILLIS LEASE FINANCE CORPORATION By: /s/ Dean M. Poulakidas Dean M. Poulakidas Executive Vice President and General Counsel 3