Recent Updates — WNC
Wabash National Corporation entered into a Sixth Amendment to its Second Amended and Restated Credit Agreement on August 12, 2026. The amendment maintains a $300 million revolving credit facility with an option to increase commitments by up to $175 million. The facility matures on August 12, 2031, or 91 days prior to the maturity of specific senior notes. Borrowing availability is based on eligible inventory and accounts receivable, subject to a $40 million block until the company achieves a fixed charge coverage ratio greater than 1.0 to 1.0 for two consecutive fiscal quarters ending no earlier than December 31, 2026. Prior to this conversion date, the company must maintain minimum liquidity of $90 million. Interest rates are tied to term SOFR or base rate plus applicable margins. Wabash National Corporation manufactures and distributes transportation equipment, including trailers and body products.
On July 27, 2026, the Board of Directors accepted the resignation of Sudhanshu Priyadarshi as a director of Wabash National Corporation. The resignation becomes effective on August 1, 2026. The company stated that the departure was not due to any disagreement with the Company or the Board regarding operations or policy. Wabash National Corporation manufactures and sells transportation equipment and components.
Wabash National Corporation reported second quarter 2026 financial results on July 29, 2026. Net sales decreased 9.1% to $417.2 million year-over-year, driven by an 11.4% decline in Transportation Solutions revenue to $354.7 million, partially offset by a 6.1% increase in Parts & Services sales to $63.4 million. The company reported a GAAP operating loss of $25 million and diluted EPS of $(0.56), excluding $1.8 million in facility idling costs. Total backlog rose 14% to $956 million. Management provided Q3-2026 guidance with revenue expected between $440 million and $460 million and Non-GAAP adjusted EPS between $(0.50) and $(0.40). Wabash National Corporation designs, manufactures, and services trailers, truck bodies, and related supply chain solutions for the transportation industry.
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.
Wabash National Corporation entered into a Fifth Amendment to its Second Amended and Restated Credit Agreement on July 14, 2026, to permit the incurrence of up to $150 million in additional indebtedness via a proposed offering of convertible senior notes due 2032. The company also announced its intention to offer these convertible senior notes in a private placement to qualified institutional buyers. Wabash National Corporation is a manufacturer of transportation equipment, specifically trailers and components for the trucking industry.