Business Context and Reporting Period
Company: Willis Lease Finance Corporation (WLFC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 19, 2026
Event: Entry into a Material Definitive Agreement regarding the Company's credit facilities.
Key Financial Metrics
This filing does not report specific financial performance metrics such as revenue, profit, cash flow, or current debt balances. The document focuses exclusively on the structural amendment of the Company's Credit Agreement.
Material Changes
On February 19, 2026, the Company entered into Amendment No. 2 to its Credit Agreement with Bank of America, N.A., as administrative agent. The primary material change is:
- Exclusion from Total Debt: The amendment excludes certain amounts from the definition of "Total Debt" within the Credit Agreement.
- Leverage Ratio Impact: This exclusion directly affects the calculation of the "Maximum Leverage Ratio," potentially providing the Company with greater flexibility under its debt covenants.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no forward-looking guidance, outlook, or specific management commentary beyond the description of the agreement amendment.
Risks and Contingencies: No new risks or contingencies are disclosed in this specific report. The full text of the Amended Credit Agreement, which contains detailed terms and conditions, is scheduled to be filed as an exhibit to the Quarterly Report on Form 10-Q for the period ending March 31, 2026.
Investor Verification Checklist
- Verify the specific amounts excluded from "Total Debt" once the full Amendment No. 2 is filed as an exhibit to the Q1 2026 Form 10-Q.
- Review the updated "Maximum Leverage Ratio" calculation methodology to assess the impact on the Company's borrowing capacity.
- Confirm the identity of the guarantors party to the amendment.