Wabash amends loan to reduce revolver size, extend maturity, decrease rate

By Sara Rosenberg

New York, Jan. 5 - Wabash National Corp. amended its credit facility, reducing available borrowings under the revolver to $125 million from $175 million, extending the maturity to September 2007 from September 2006 and decreasing the interest rate by 25 basis points to Libor plus 125 basis points, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Furthermore, some restrictive convents including those related to capital spending, dividend payments and investments were eliminated or reduced.

The amendment became effective on Dec. 30. Fleet Capital Corp. is the agent on the deal.

Wabash is a Lafayette, Ind., manufacturer and marketer of standard and customized truck trailers and intermodal equipment.

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