Willis Lease Finance Notes Offering

Willis Lease Finance Corporation announced and subsequently priced a public offering of $200.0 million aggregate principal amount of 2.50% convertible senior notes due 2031. The offering size was increased from an initial $175.0 million. The company intends to use the net proceeds to temporarily repay amounts outstanding under its revolving credit facility. Concurrently, Morgan Stanley & Co. LLC, BofA Securities, and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Notes Offering. Morgan Stanley & Co. LLC is also acting as the delta underwriter for a separate, concurrent public offering of 281,250 shares of Willis Lease Finance Corporation's common stock, borrowed from third parties, to facilitate hedging transactions by certain investors subscribing for the notes. Both offerings are contingent upon one another and are expected to close on May 18, 2026.