Latest news with #WEST
Yahoo
2 days ago
- Business
- Yahoo
Willis Lease Finance Corporation Announces Pricing of $596.0 Million in Fixed Rate Notes
COCONUT CREEK, Fla., June 06, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC' or the 'Company'), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VIII ('WEST'), has priced $524,000,000 in aggregate principal amount of Series A Fixed Rate Notes (the 'Series A Notes') and $72,000,000 in aggregate principal amount of Series B Fixed Rate Notes (the 'Series B Notes' and, together with the Series A Notes, the 'Notes'). The Notes will be secured by, among other things, WEST's direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries pursuant to an asset purchase agreement. The planned closing date is June 18, 2025. The Series A and B Notes will have a fixed coupon of 5.582% and 6.070%, respectively, an expected maturity of approximately six years, an expected weighted average life (based on certain modeling assumptions) of 5.1 years and a final maturity of 25 years. The Series A and B Notes will be issued at a price of 99.99721% and 99.99711% of par, respectively. The Notes being offered by WEST have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any other securities laws of any jurisdiction, and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons reasonably believed to be 'qualified institutional buyers' as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Willis Lease Finance Corporation Willis Lease Finance Corporation ('WLFC') leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Scott B. Flaherty Executive Vice President &Chief Financial Officer sflaherty@ 561.413.0112Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Willis Lease Finance Corporation Announces Offering of $596 Million in Fixed Rate Notes
COCONUT CREEK, Fla., June 03, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC' or the 'Company'), a leading lessor of commercial jet engines, announced today that its wholly-owned subsidiary, Willis Engine Structured Trust VIII ('WEST'), proposes to offer $524 million in aggregate principal amount of Series A Fixed Rate Notes (the 'Initial Series A Notes') and $72 million in aggregate principal amount of Series B Fixed Rate Notes (the 'Initial Series B Notes' and, together with the Initial Series A Notes, the 'Initial Notes'). The Notes will be secured by, among other things, WEST's direct and indirect interests in a portfolio of 62 aircraft engines and two airframes, which WEST will acquire from WLFC or its other subsidiaries pursuant to an asset purchase agreement. The net proceeds of the Notes will be primarily applied to (i) pay certain fees and expenses related to the offering of the Notes, (ii) deposit initial amounts in reserve accounts for security deposits, maintenance expenses and other expenses and (iii) pay WLFC periodically over a 270-day delivery period the consideration for the aircraft engines and the airframes acquired by WEST from WLFC in connection with the financing. WLFC and its subsidiaries will apply any net proceeds it receives to repay debt collateral by the assets and for general corporate purposes. The Notes being offered by WEST have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any other securities laws of any jurisdiction, and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons reasonably believed to be 'qualified institutional buyers' as defined in, and in reliance on, Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the Securities Act or the securities laws of any such jurisdiction. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and global pandemics; changes in oil prices, rising inflation and other disruptions to the world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. CONTACT: Scott B. Flaherty Executive Vice President &Chief Financial Officer sflaherty@ 561.413.0112Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
21-05-2025
- Sport
- Time of India
Thunder vs Timberwolves: Shai Gigeous-Alexander inspires a thunderous comeback to win Game 1
The Oklahoma City Thunder made a strong start to the Western Conference Finals with a 114-88 win over Minnesota Timberwolves on May 20, 2025. After trailing at half-time, the Thunder changed the game completely with a dominant and well-coordinated second-half performance in front of their home crowd. Shai Gilgeous-Alexander led the way with 31 points, including 20 after the break. His fourth straight 30+ point game in the playoffs showed just how important he is for OKC. Jalen Williams gave him solid support with 19 points, while Chet Holmgren added 15. SGA SHINES IN HIS WEST FINALS DEBUT 🌟⛈️ 31 PTS (league-leading 10th 25+ PT game of playoffs)⛈️ 9 AST⛈️ 5 REB⛈️ 3 STLThunder take a 1-0 series lead!! Timberwolves fade in second half The Timberwolves looked solid in the first two quarters. Julius Randle had a fast start and finished with 28 points. Minnesota were up 48-44 at the break, but they lost control quickly once the second half began. TEAM EFFORT FOR THE THUNDER IN GAME 1!!!THEY TAKE A 1-0 SERIES LEAD IN THE WEST FINALS ⛈️⛈️ Oklahoma City outscored them 70-40 in the final two quarters. Their defense tightened up and forced 17 turnovers, which they turned into 31 points. The Thunder also knocked down 52% of their three-pointers and shot 50% overall, making the most of every chance. Anthony Edwards was limited to just 18 points and found himself in foul trouble in the fourth quarter. Rudy Gobert also had a tough night, struggling with fouls and only scoring 5 points. Minnesota's shooting let them down, with just 35% from the field and under 30% from deep. JDUB DOES IT ALL IN GAME 1!!😤 19 PTS😤 8 REB😤 5 AST😤 5 STLA 4x5 for Jalen Williams and a 1-0 series lead for OKC 💪 It was a clear message from the Oklahoma City Thunder that they're ready for this high-stake stage. Their speed, ball movement and shot-making in the second half left the Timberwolves chasing shadows. Game 2 is on Thursday (May 22, 2025) in Oklahoma City, and the pressure is now on Minnesota to bounce back.
Yahoo
12-03-2025
- Automotive
- Yahoo
'We couldn't get jobs in sexist garages - so we set up our own'
In 1985, three female mechanics who had become fed up with a lack of opportunities in the male-dominated car maintenance industry decided to go it alone and set up a garage run by women. Now a film about Gwenda's Garage - owned by Ros Wollen, Annette Williams and Ros Wall - is to be screened at an event at Sheffield Central Library. The trio named their business after racing driver Gwenda Stewart and ran the workshop in the Neepsend area of the city for five years. They were unable to secure jobs at "misogynistic" garages owned by men. Ms Williams and Ms Wall have since died, but Ms Wollen will be part of a panel discussing LGBTQ activism during the period after the film has been shown. It was shot at a local garage and produced by Historic England. All three women were lesbians, but felt they had to hide their sexuality with customers because of homophobic attitudes at the time. Gwenda's Garage closed in 1990 when the friends moved on. "We didn't do it because we wanted a women's garage, we did it because we couldn't get jobs and that's quite important," Ms Wollen said. "We had a lot of fun and there wasn't a day went by where you didn't learn something new." Ms Wollen said there were still a "real lack of training opportunities for women" in manual industries. In 2010 she founded the WEST (Women in Engineering, Science, and Technology) bursary in memory of Ros Wall. The fund provides grants to young women entering careers that remain male-dominated. Ms Wollen added: "I think other things have changed since the 1980s, certainly the situation around homophobia and adoption and fostering is different to what it was then. "There are some things that have really changed and that's great, but I would have hoped we'd have made more progress for women in non-traditional roles by now." Fiona Moorcroft, from the LGBT charity SAYiT, said tickets for Wednesday's event had sold out within 36 hours. Ms Moorcroft, who is hosting Wednesday's screening, told BBC Radio Sheffield: "It just shows you there is a massive gap when it comes to people hearing about LGBT women talking about their history. "People still talk about (being a car mechanic) being a man's job and yet in the 1980s women were doing it." A musical production about Gwenda's Garage is also due to be staged at The Crucible Theatre in October. Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North. Sheffield Libraries and Archives
BBC News
12-03-2025
- Automotive
- BBC News
Film screening about 1980s women mechanics in Sheffield sells out
In 1985, three female mechanics who had become fed up with a lack of opportunities in the male-dominated car maintenance industry decided to go it alone and set up a garage run by women. Now a film about Gwenda's Garage - owned by Ros Wollen, Annette Williams and Ros Wall - is to be screened at an event at Sheffield Central trio named their business after racing driver Gwenda Stewart and ran the workshop in the Neepsend area of the city for five were unable to secure jobs at "misogynistic" garages owned by Williams and Ms Wall have since died, but Ms Wollen will be part of a panel discussing LGBTQ activism during the period after the film has been was shot at a local garage and produced by Historic three women were lesbians, but felt they had to hide their sexuality with customers because of homophobic attitudes at the time. Gwenda's Garage closed in 1990 when the friends moved on."We didn't do it because we wanted a women's garage, we did it because we couldn't get jobs and that's quite important," Ms Wollen said."We had a lot of fun and there wasn't a day went by where you didn't learn something new."Ms Wollen said there were still a "real lack of training opportunities for women" in manual industries. In 2010 she founded the WEST (Women in Engineering, Science, and Technology) bursary in memory of Ros fund provides grants to young women entering careers that remain Wollen added: "I think other things have changed since the 1980s, certainly the situation around homophobia and adoption and fostering is different to what it was then. "There are some things that have really changed and that's great, but I would have hoped we'd have made more progress for women in non-traditional roles by now."Fiona Moorcroft, from the LGBT charity SAYiT, said tickets for Wednesday's event had sold out within 36 hours. Ms Moorcroft, who is hosting Wednesday's screening, told BBC Radio Sheffield: "It just shows you there is a massive gap when it comes to people hearing about LGBT women talking about their history. "People still talk about (being a car mechanic) being a man's job and yet in the 1980s women were doing it."A musical production about Gwenda's Garage is also due to be staged at The Crucible Theatre in October. Listen to highlights from South Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
