Media Coverage
Source: Daily Journal, The Recorder
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
04.27.16
Independent jet lessor Willis Lease Finance Corp. is expanding its $700 million revolving credit facility to $1 billion with a Pillsbury team advising. The deal was announced April 21.
The credit facility has a five-year term and comes with a $110 million accordion feature and additional flexibility. Willis Lease and its subsidiaries will use the funds to continue building their lease portfolio, which includes nearly $1.5 billion of owned and managed assets.
The company leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to businesses in 120 countries.
Finance partner Philip Tendler lead the team with support from senior associate Alicia McKnight and associate Katie Vorhis.