| Issuer / Guarantor | Willis Lease Finance Corporation |
|---|---|
| Size | USD 175mn |
| Type | Convertible |
| Leads | Morgan Stanley, BoA, Deutsche Bank |
| Maturity | 15 May 2031 (5 years) |
| Coupon | 2.25 - 2.75% |
| Premium | 37.5 - 42.5% |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to Feb 2031 (4.7 yrs) |
| Announced | 13 May 2026 |