SOURCE: Wabash National Corporation

September 25, 2007 16:15 ET

Wabash National Corporation Announces Expansion of Revolving Credit Facility

LAFAYETTE, IN--(Marketwire - September 25, 2007) - Wabash National Corporation (NYSE: WNC) today announced the closing of the first amendment to the company's Revolving Credit Facility. The amendment increases Wabash National's borrowing capacity under the revolving credit facility from $150 million to $200 million, subject to a borrowing base and allows using borrowing under the facility to fund the repurchase of the Company's $125 million Senior Convertible Notes due August 1, 2008, subject to conditions set forth in the Amendment.

"We are very pleased with the amendment to the revolving credit facility and the flexibility it provides in the refinancing of our convertible notes," stated Bob Smith Senior Vice President and Chief Financial Officer of Wabash National.

Headquartered in Lafayette, Ind., Wabash National® Corporation (NYSE: WNC) is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate®, ArcticLite®, and Eagle® brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada.

Contact Information

  • Press Contact:
    Jamie Scarcelli
    Director, Marketing
    (765) 771-5397

    Investor Relations:
    (765) 771-5310