Wabash National talks $325 million eight-year notes at 5 5/8% area; pricing Friday

By Paul A. Harris

Portland, Ore., Sept. 14 – Wabash National Corp. talked its $325 million offering of eight-year senior notes (B1/B+) to yield in the 5 5/8% area, according to a syndicate source.

Books were scheduled to close on Thursday, except for accounts on the West Coast of the United States, for whom books were to remain open until 10 a.m. ET on Friday.

The deal is also set to price on Friday.

Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the joint bookrunners for the Rule 144A and Regulation S for life offering. BMO Capital Markets, Citizens Bank and PNC Capital Markets are the co-managers.

The notes come with three years of call protection.

The Lafayette, Ind.-based diversified industrial manufacturer plans to use the proceeds to fund its acquisition of Goshen, Ind.-based Supreme Industries, Inc., a manufacturer of truck bodies.

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