Wabash National Corporation announced September 25 the closing of the first amendment to the company’s revolving credit facility.
The amendment increases Wabash National’s borrowing capacity under the revolving credit facility from $150 million to $200 million, subject to a borrowing base. It also allows using borrowing under the facility to fund the repurchase of the company’s $125 million Senior Convertible Notes due August 1, 2008.
