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WLFC closes $240m credit facility

24 November 2009

Willis Lease Finance Corporation closes a $240 million deal for engine acquisitions.

Read more: Willis Lease Finance Corporation WLFC revolving credit facility Union Bank Wells Fargo Bank

Willis Lease Finance Corporation (WLFC), the California-based jet engines lessor, has closed a $240 million revolving credit facility. The three-year facility has an interest rate of Libor plus 350 basis points.

 

Union Bank, N.A. was administrative...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

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