Wabash to pay down some term loan borrowings with notes proceeds

By Sara Rosenberg

New York, Sept. 22 – Wabash National Corp. plans to repay a portion of the outstanding borrowings under its term loan using proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used to redeem outstanding 2025 notes and to pay all related fees and expenses.

Wabash is a Lafayette, Ind.-based manufacturer of commercial trailer products.

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