We advised the underwriters on the transactions

Davis Polk advised the underwriters in connection with an SEC-registered offering of an aggregate principal amount of $200 million of Willis Lease’s 2.50% convertible senior notes due 2031. Davis Polk also advised the underwriter in a concurrent SEC-registered delta offering relating to the offer and short sale of 281,250 shares of Willis Lease’s common stock.

Willis Lease is a leading lessor and servicer of commercial aircraft and aircraft engines. The company acquires commercial aircraft and engines and manages these assets in order to provide a return on investment, primarily through lease rent and maintenance reserve revenues, as well as through management fees earned for managing assets owned by third parties.

The Davis Polk capital markets team included partner Roshni Banker Cariello and associates Raphaelle Desaleux and Rose Cheng. The equity derivatives team included partner Caitlin L. Wood, counsel Hanbing Zhang and associates Richard Stockton Bullitt, Erik Oakley and Selena Zhijun Fu. Partner Lucy W. Farr and associates Omar Hersi and Seokwon (Eric) Jang provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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