M&A - WILLIS LEASE FINANCE CORP

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: New

Accession Number: 000101816425000063

Filing Summary: On May 7, 2025, Willis Asset Management Limited (WAML), a wholly-owned subsidiary of Willis Lease Finance Corporation (WLFC), entered into a Share Purchase Agreement with Willis Mitsui & Co Engine Support Limited (WMES). WMES is a joint venture between WLFC and Mitsui & Co., Ltd., with both parties holding a 50% interest. WAML will sell the entire issued share capital of Bridgend Asset Management Limited (BAML), a UK-based aviation consultancy, to WMES for a purchase price of $45.0 million, subject to certain working capital adjustments. The closing of this transaction is contingent upon the satisfaction of specific conditions outlined in the SPA, to occur on the first calendar day of the month following the fulfillment of these conditions. The definitive agreement will be further detailed in WLFC’s Quarterly Report on Form 10-Q for the period ending June 30, 2025.