WABASH NATIONAL Corp 8K

Wabash priced an upsized $130 million private offering of 4.00% convertible senior notes due 2032, with proceeds earmarked for general corporate purposes including debt repayment.

Wabash (NYSE: WNC) announced the pricing of an upsized private offering of $130 million aggregate principal amount of 4.00% convertible senior unsecured notes due 2032 to qualified institutional buyers under Rule 144A, increased from a previously announced $100 million, with an additional $20 million over-allotment option for initial purchasers; the notes bear interest semi-annually, are convertible at an initial rate of 59.7086 shares per $1,000 (a conversion price of approximately $16.75 per share, reflecting a 32.5% premium to the prior-day closing price), may be redeemed by the company under specified conditions starting in 2029, and are expected to generate approximately $122 million (or $141 million if the option is fully exercised) in net proceeds to be used for general corporate purposes, including repayment of amounts outstanding under its existing credit agreement, with closing expected on July 20, 2026 subject to customary conditions.

Filing Facts

CIK

879526

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-308984

Alert Tier

7