As announced yesterday, Willis Lease Finance has issued its fourth asset backed securitisation with Willis Engine Structured Trust III (WEST III), which issued two-tranches of notes to secure a portfolio of 56 engines. The deal is being arranged by BofA Merrill Lynch, Deutsche Bank is acting as the trustee, operating bank and security trustee, while BNP Paribas is providing the nine month liquidity facility. Willis remains as the servicer and administrative agent, while Wilmington Trust is the owner trustee. Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to two classes of notes. The 293.7m A notes have an initial

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