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Moody's: Wabash National loan B1
Moody's Investors Service said it assigned a B1 rating to Wabash National Corp.'s proposed term loan due 2019.
At the same time, Moody's assigned corporate family and probability of default ratings of B1 and a speculative grade liquidity rating of SGL-2.
The outlook is stable.
The loan ranks senior to the company's proposed $150 million of convertible unsecured notes and equal in ranking to Wabash' $150 million ABL facility, Moody's said.
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