Wabash National completed a private offering of $150 million of 4.00% Convertible Senior Notes due 2032, guaranteed by certain subsidiaries. The notes pay interest semi-annually and are convertible at an initial price of $16.75 per share (59.7086 shares per $1,000), with customary adjustments. The company may redeem the notes on or after Aug 6, 2029, subject to stock price conditions, and may settle conversions in cash, stock, or both. The notes were issued under an Indenture with U.S. Bank Trust as trustee to enhance liquidity and financial flexibility.
Agreement details:
- Agreement type: Private offering of 4.00% Convertible Senior Notes due 2032 and related Indenture
- Counterparty: Initial purchasers; U.S. Bank Trust, as trustee
- Signed / Effective: Jul 20 2026 / Jul 20 2026
- Duration / Termination: Through Aug 1 2032
- Reason: Enhance liquidity and financial flexibility
Original SEC Filing:
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