Wabash to Strengthen Credit
Apr 2, 2002 12:00 PM
Wabash National Corporation has announced that it will close on the refinancing of its revolving line of credit and senior notes.The move is expected within the next two weeks, the company announced. The refinancing will provide Wabash with a new two-year commitment on its debt. It also is expected to provide additional capital the company can use for continued operations.
The announcement follows the successful completion of negotiations with the company’s banks and senior noteholders.
“We are pleased to complete the negotiations with our lenders and with their continued support throughout these difficult economic conditions,” said Mark Holden, senior vice-president and chief financial officer.
Wabash has extended the filing of its annual report to reflect the effects of the agreement on its financial statements. The company expects to finalize the agreement and file its Form 10-K by April 15.
