Loan & DebtJul 14, 2026, 04:07 PM
Wabash to Offer $100M Convertible Notes; Q2 Sales Down 8-10%
AI Summary
Wabash National Corporation announced a private offering of $100 million in convertible senior notes due 2032, with an option for an additional $15 million. Concurrently, the company entered a Fifth Amendment to its Credit Agreement to permit up to $150 million in additional indebtedness for these notes. The filing also included preliminary unaudited Q2 2026 financial results, estimating net sales between $413 million and $421 million, an 8-10% decrease year-over-year, and a GAAP net loss between $23.287 million and $26.237 million.
Key Highlights
- Wabash announced a private offering of $100 million convertible senior notes due 2032.
- Initial purchasers have an option to buy an additional $15 million in notes.
- Fifth Amendment to Credit Agreement permits up to $150 million in new indebtedness.
- Q2 2026 estimated net sales are $413 million to $421 million, an 8-10% decrease YoY.
- Q2 2026 estimated GAAP net loss is $(23.287) million to $(26.237) million.
- Q2 2026 estimated diluted loss per share is $(0.57) to $(0.63).
- Total company backlog exceeded $950 million as of June 30, 2026.
- Company expects to amend and extend $275 million of its Revolving Credit Agreement.
Price Impact
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