Wabash to launch $189.5 million term loan repricing on Tuesday

By Sara Rosenberg

New York, Feb. 13 – Wabash National Corp. will hold a lender call on Tuesday to launch a repricing of its $189.5 million term loan that is talked at Libor plus 275 basis points with no Libor floor and a par issue price, according to a market source.

The repriced loan includes 101 soft call protection for six months, the source said.

Wells Fargo Securities LLC is the lead bank on the deal.

The repricing will take the term loan down from Libor plus 325 bps with a 1% Libor floor.

Commitments are due on Feb. 21, the source added.

Wabash is a Lafayette, Ind.-based diversified industrial manufacturer and a producer of semi-trailers and liquid transportation systems.

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