Wabash prices upsized USD 130 million convertible senior notes offering due 2032
WNC•Use of proceeds
Net proceeds are estimated at about USD 122 million, or about USD 141 million if the option is fully exercised.
Wabash said the proceeds are earmarked for general corporate purposes, including repayment under an existing credit agreement.
Upsized convertible notes offering priced
Wabash priced an upsized private offering of USD 130 million 4.00% convertible senior unsecured notes due 2032.
The deal was increased from a previously announced USD 100 million; initial purchasers hold an option for up to an additional USD 20 million.
The offering is expected to close July 20.
