Wabash slides on $100 mln convertible bond offering

Wabash National

14/07/2026 21:15

** Transport equipment maker Wabash National's WNC.N shares down 11% post-market to $11.94 as it seeks capital raise
** Indiana-based WNC announces private offering of $100 mln convertible bonds (CBs) due 2032
** Co intends to use net offering proceeds for general purposes, including paying down debt under credit agreement
** WNC shares closed up 3% at $13.42 on Tues for roughly $550 mln market cap
** At close, stock up 55% YTD
     

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))