Wabash National 'actively' looking at refinancing 3.25% convertibles

By Jennifer Chiou

New York, Aug. 2 - Wabash National Corp. said it is "actively reviewing alternatives for refinancing" its 3.25% senior convertible notes due Aug. 1, 2008, according to a 10-Q filing with the Securities and Exchange Commission.

The Lafayette, Ind., truck trailer manufacturer entered into a second amended and restated revolving credit facility, which requires the company to no later than May 1, 2008 repurchase the convertibles, defease any outstanding debt from the notes, or keep cash reserves equal to the outstanding balance of the convertibles from funds other than proceeds from the revolver.

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