Financing ·
Wabash National Corporation completed a private offering of $150 million in 4.00% convertible senior notes due 2032…
WNCWABASH NATIONAL Corp
Wabash National Corporation completed a private offering of $150 million in 4.00% convertible senior notes due 2032, following an upsize from the initial $130 million offering. The notes carry a 4.00% annual interest rate, payable semi-annually, and feature an initial conversion price of approximately $16.75 per share. Wabash intends to use the net proceeds for general corporate purposes, including the repayment of existing credit agreement amounts. Wabash is a provider of end-to-end supply chain solutions for the transportation, logistics, and infrastructure markets.