Source: Daily Journal
SAN FRANCISCO – A team of Pillsbury lawyers co-led by San Francisco Finance partners Philip Tendler and Alicia McKnight represented Willis Lease Finance Corp. in a deal to refinance and expand its revolving credit facility to $1 billion.
Based in Florida, Willis leases large and regional spare commercial aircraft engines, auxiliary power units and other equipment to airlines, engine manufacturers and other aviation industry service providers.
According to the Daily Journal, the deal is structured with flexibility to support the company’s growing business and Willis plans to use the new funds to continue to grow its lease portfolio. As of March 31, the company owns and manages $2 billion in assets.
In addition to Tendler and McKnight, the Pillsbury team included San Francisco associate Alexandra Brandt and Finance paralegal Anny Espinal in New York.