Wabash launches private offering of $100 million convertible senior notes due 2032

Wabash launched a private offering of $100 million convertible senior unsecured notes due 2032.

• Initial purchasers can buy up to an additional $15 million of notes within 13 days of issuance.
• Proceeds are earmarked for general corporate purposes, including repayment under the existing credit agreement.
• The notes mature Aug. 1, 2032 and are convertible in certain circumstances, with settlement in cash, shares, or a combination of both.
• The issuer may redeem the notes from Aug. 6, 2029 if the stock trades at least 130% of the conversion price.