Loan & DebtAug 13, 2026, 07:37 AM
Wabash National Amends Credit Agreement for New $300M Revolving Facility
AI Summary
Wabash National Corporation has amended its existing credit agreement, establishing a new $300 million revolving credit facility with Wells Fargo Capital Finance, LLC as the administrative agent. The facility includes an option to increase commitments by up to $175 million and matures in August 2031. The amendment also details interest rates, borrowing base calculations, and financial covenants, including a $90 million minimum liquidity requirement.
Key Highlights
- Wabash National entered into a Sixth Amendment to its Second Amended and Restated Credit Agreement.
- The amended Credit Agreement provides a $300 million revolving credit facility.
- The Company has an option to increase total commitments by up to an additional $175 million.
- The Credit Agreement matures on August 12, 2031, or earlier based on other debt maturities.
- Interest rates are term SOFR plus 1.50%-2.00% or base rate plus 0.50%-1.00%, depending on availability.
- A $40 million availability block is in effect until the Financial Covenant Conversion Date.
- The agreement requires minimum liquidity of $90 million prior to the Financial Covenant Conversion Date.
- Morgan Stanley Senior Funding, Inc. joined as a new lender.
Price Impact
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