Wabash completes amendment of credit facilities
Apr 16, 2003 12:00 PM
Wabash National Corporation announced it has completed the amendment of its credit facilities, which includes its revolving line of credit, its senior notes, its receivables facility and its lease facility. The amendment revises certain of the company's financial covenants and adjusts downward the required monthly principal payments during 2003. "We are pleased to announce the completion of the amendment to our credit facilities," said Mark R. Holden, senior vice president/CFO. "The amendment provides greater flexibility from both a financial covenant standpoint and from a debt repayment standpoint. The company remains highly focused on continuing to improve operating performance and reducing debt. We are very pleased with the support and confidence that our financial partners continue to provide to the company."
