Willis Lease Finance Corp. Enters Material Definitive Agreement
Ticker: WLFC · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1018164
| Field | Detail |
|---|---|
| Company | Willis Lease Finance Corp (WLFC) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $200 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
WLFC just signed a big deal, details TBD.
AI Summary
Willis Lease Finance Corp. entered into a material definitive agreement on December 17, 2024. The filing does not provide specific details about the agreement or any associated dollar amounts. The company is incorporated in Delaware and its principal executive offices are located in Coconut Creek, Florida.
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
- December 17, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Coconut Creek, FL (location) — Address of Principal Executive Offices
FAQ
What is the nature of the material definitive agreement entered into by Willis Lease Finance Corp. on December 17, 2024?
The filing states that Willis Lease Finance Corp. entered into a material definitive agreement on December 17, 2024, but does not provide specific details about its nature.
Are there any financial terms or dollar amounts associated with this material definitive agreement?
The provided filing does not disclose any specific dollar amounts or financial terms related to the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 17, 2024.
Where are the principal executive offices of Willis Lease Finance Corp. located?
The principal executive offices of Willis Lease Finance Corp. are located at 4700 Lyons Technology Parkway, Coconut Creek, FL 33073.
What is the Commission File Number for Willis Lease Finance Corp.?
The Commission File Number for Willis Lease Finance Corp. is 001-15369.
Filing Stats: 500 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-12-19 13:47:19
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share WLFC Nasdaq Global
- $200 million — e purchase transaction is approximately $200 million at Pratt & Whitney's 2024 list prices.
Filing Documents
- wlfc-20241217.htm (8-K) — 28KB
- pressreleasedateddecember1.htm (EX-99.1) — 12KB
- image_0.jpg (GRAPHIC) — 13KB
- 0001018164-24-000107.txt ( ) — 181KB
- wlfc-20241217.xsd (EX-101.SCH) — 2KB
- wlfc-20241217_lab.xml (EX-101.LAB) — 21KB
- wlfc-20241217_pre.xml (EX-101.PRE) — 12KB
- wlfc-20241217_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On December 17, 2024, the Company entered into a definitive agreement with Pratt & Whitney for the purchase of nine new Pratt & Whitney PW1133G-JM aircraft engines, with all purchases expected to occur by December 31, 2024. The value of the purchase transaction is approximately $200 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 Annual Report on Form 10-K for the period ending December 31, 2024.
01 Financial Statements & Exhibits
Item 9.01 Financial Statements & Exhibits. Exhibit No. Description 99.1 Press Release dated December 19, 2024, announcing entry into 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: December 19, 2024 WILLIS LEASE FINANCE CORPORATION By: /s/ Dean M. Poulakidas Dean M. Poulakidas Executive Vice President and General Counsel 3