WILLIS LEASE FINANCE CORP 8-K

What Happened
Willis Lease Finance Corporation announced on its Form 8-K (filed Feb 24, 2026) that on February 19, 2026 it and certain guarantors entered into Amendment No. 2 to its Credit Agreement with Bank of America, N.A. as administrative agent. The Amendment modifies the Credit Agreement (originally dated Oct 31, 2024 and previously amended May 7, 2025) to exclude certain amounts from the definition of “Total Debt” used to calculate the Credit Agreement’s “Maximum Leverage Ratio.” The company also reported the creation of a direct financial obligation in connection with the arrangements disclosed.

Key Details

• Amendment No. 2 to the Credit Agreement was executed on February 19, 2026 with Bank of America, N.A. as Administrative Agent.
• The Credit Agreement was originally dated October 31, 2024 and previously amended May 7, 2025.
• The Amendment excludes specified amounts from “Total Debt” for purposes of calculating the “Maximum Leverage Ratio.”
• The Amendment agreement will be filed as an exhibit to Willis Lease’s Form 10-Q for the quarter ended March 31, 2026. The 8-K also discloses the creation of a direct financial obligation (no further financial terms were provided in the 8-K).

Why It Matters
Changes to how “Total Debt” is calculated can affect the company’s compliance with leverage covenants and its borrowing capacity under the credit facility. For investors, this amendment could influence Willis Lease’s reported leverage metrics and flexibility to take on or refinance debt. Review the filed Amendment (when available in the 10-Q exhibits) for the exact exclusions and any related financial terms to assess the potential impact on credit risk and capital structure.