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WLFC > SEC Filings for WLFC > Form 8-K on 24-Sep-2013All Recent SEC Filings

Show all filings for WILLIS LEASE FINANCE CORP



Other Events

Item 8.01 Other Events.

The Company previously disclosed in its report on Form 10-Q filed on August 6, 2013 that it had entered into a Securities Purchase Agreement on June 28, 2013 in respect of WOLF A340 LLC ("WOLF") to purchase the 50% membership interest in WOLF that was held by the Company's joint venture partner, subject to satisfaction of certain conditions (the "WOLF Buyout"). Those conditions were subsequently satisfied and the Company completed the WOLF Buyout on September 18, 2013. As a result, WOLF is now a wholly-owned subsidiary of the Company whose assets, liabilities and results of operations are consolidated with those of the Company. The assets owned by WOLF continue to be financed under the existing term notes that are non-recourse to the Company itself.

In connection with this purchase, the limited liability company agreement of WOLF A340 LLC, which was previously disclosed in Exhibit 10.49 to the Company's Form S-1 Registration Statement Amendment No. 1 filed on January 9, 2006, has been amended and restated to reflect that it is no longer a joint venture and is instead a wholly-owned subsidiary of the Company.

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