Wabash National Corporation (NYSE:WNC) Files An 8-K Other Events

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Wabash National Corporation (NYSE:WNC) Files An 8-K Other Events
Item 8.01 Other Events

Wabash National Corporation (the “Company”) announces that its 3.375% Convertible Senior Notes due 2018 (the “Notes”) are convertible during the current calendar quarter ending June 30, 2017.

Holders may surrender all or a portion of their Notes (that is $1,000 principal amount or an integral multiple thereof) for conversion at any time during the current calendar quarter because the Last Reported Sale Price (as defined in the indenture governing the Notes) of the Company’s common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on March 31, 2017 was greater than or equal to 130% of the Conversion Price (as defined in the indenture governing the notes) on each applicable trading day.

The current conversion rate for the Notes is 85.4372 shares of the Company’s common stock per $1,000 in principal amount outstanding of the Notes, which is equal to a Conversion Price of approximately $11.70 per share. The Company currently intends to settle conversions in cash for both the principal portion and the excess of the conversion value over the principal portion.

The foregoing description of the Indenture does not purport to be complete and is qualified in its entirety by reference to the full text of the base indenture and the first supplemental indenture governing the Notes, which are attached to the Company’s Current Report on Form 8-K filed on April 23, 2012 as Exhibits 4.1 and 4.2, respectively. Holders are directed to the notice regarding the convertibility of the Notes provided to the Trustee and made available through the facilities of DTC.

 


About Wabash National Corporation (NYSE:WNC)

Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. The Commercial Trailer Products segment manufactures standard and customized van and platform trailers. The Commercial Trailer Products segment produces and sells new trailers to the Retail segment and to customers who purchase trailers directly from the Company or through independent dealers. The Diversified Products segment focuses to expand its customer base, and diversify its product offerings and revenues. The Retail segment includes the sale of new and used trailers, as well as the sale of after-market parts and service, through its retail branch network. It offers products under the brand names, including Walker Transport, Brenner Tank, DuraPlate and Beall Trailers.

Wabash National Corporation (NYSE:WNC) Recent Trading Information

Wabash National Corporation (NYSE:WNC) closed its last trading session up +0.43 at 20.49 with 912,586 shares trading hands.