debt
confidence high
sentiment neutral
materiality 0.65
Wabash National commences $100M convertible senior notes offering due 2032
WABASH NATIONAL Corp
- Commences private offering of $100M convertible senior notes due 2032; initial purchasers may buy up to $15M additional.
- Notes are senior unsecured, interest payable semi-annually, mature August 1, 2032; terms set at pricing.
- Net proceeds to be used for general corporate purposes, including repaying amounts under existing credit agreement.
- Fifth Amendment to credit agreement permits up to $150M additional indebtedness for the offering.