Wabash National Announces Launch of $325 Million Private Placement
September 08 2017 - 1:01PM
Wabash National Corporation (NYSE:WNC) today announced that it is
launching a private offering of $325 million in aggregate principal
amount of senior unsecured notes due 2025 (the “Notes”), subject to
market and other conditions. The Notes will be guaranteed on a
senior unsecured basis by certain of Wabash National’s direct and
indirect existing and future domestic subsidiaries.
Wabash National intends to use the net proceeds of
the Notes offering, together with available cash and cash
equivalents, to fund the purchase price for the previously
announced pending acquisition of Supreme Industries, Inc. and to
pay related fees and expenses. The offering is not conditioned upon
the completion of the acquisition of Supreme. However, the Notes
will be subject to a special mandatory redemption if the Supreme
acquisition is not consummated.
The Notes and related guarantees have not been and
will not be registered under the Securities Act of 1933, as amended
(the “Securities Act”), or any state securities laws. The Notes and
related guarantees may not be offered or sold within the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws. The Notes and related
guarantees will be offered only to persons reasonably believed to
be “qualified institutional buyers” in reliance on the exemption
from registration provided by Rule 144A under the Securities Act
and to certain non-U.S. persons in offshore transactions in
reliance on Regulation S under the Securities Act.
Safe Harbor
This press release contains certain forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements convey Wabash
National’s current expectations or forecasts of future events. All
statements contained in this press release other than statements of
historical fact are forward-looking statements. These
forward-looking statements include, among other things, all
statements regarding Wabash National’s plans to acquire Supreme
Industries and the Notes offering. These and other forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those implied
by the forward-looking statements. Readers should review and
consider the various disclosures made by Wabash National in this
press release and its reports to its stockholders and periodic
reports on Forms 10-K and 10-Q.
Media Contact:
Dana Stelsel
Corporate Communications Manager
(765) 771-5766
dana.stelsel@wabashnational.com
Investor Relations:
Mike Pettit
Vice President – Finance and Investor Relations
(765) 771-5581
michael.pettit@wabashnational.com
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