Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Other Events

ME Staff 8-k
-
0
Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Other Events

Willis Lease Finance Corporation (NASDAQ:WLFC) Files An 8-K Other Events
Item 8.01 Other Events.

On August27, 2018, the Company entered into the Fourth Amendment to Rights Agreement, which amends the Rights Agreement dated as of September24, 1999 (as amended, supplemented or otherwise modified, the “Rights Agreement”) between the Company and American Stock Transfer and Trust Company, as Rights Agent. The Rights Agreement was set to expire on August31, 2018, but, effective August30, 2018, the Company’s Board of Directors approved amending the Rights Agreement to extend its effectiveness through August30, 2028. Therefore, as a result of the Fourth Amendment, the Rights Agreement has been extended until August30, 2028.


About Willis Lease Finance Corporation (NASDAQ:WLFC)

Willis Lease Finance Corporation along with its subsidiaries is a lessor of commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. Its lease portfolio consists of approximately 200 engines and related equipment, 10 aircrafts and five spare engine parts packages. The Company’s business activities also include equipment leasing and spare parts sales.