Wabash National Announces Pricing of Notes Offering
September 15 2017 - 4:29PM
Wabash National Corporation (NYSE:WNC) today announced the pricing
of its previously announced private offering of $325 million
aggregate principal amount of senior unsecured notes due 2025 (the
“Notes”).
The Notes will bear interest at a rate of 5.50% and
are being issued at par. Wabash National intends to use the net
proceeds of the Notes to fund a portion of 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
closing of the Notes offering is expected to occur on September 26,
2017, subject to customary closing conditions.
The Notes will be guaranteed on a senior unsecured
basis by certain of Wabash National’s domestic subsidiaries. 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.
This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any security and shall
not constitute an offer, solicitation or sale in any jurisdiction
in which such offering, solicitation or sale would be unlawful. Any
offers of the Notes will be made only by means of a private
offering memorandum.
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 StelselCorporate
Communications Manager(765)
771-5766dana.stelsel@wabashnational.com
Investor Relations: Mike Pettit
Vice President – Finance and Investor Relations (765) 771-5581
michael.pettit@wabashnational.com
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