Attached files
| file | filename |
|---|---|
| 8-K - WABASH NATIONAL Corp | v196682_8k.htm |
| EX-5.1 - WABASH NATIONAL Corp | v196682_ex5-1.htm |
| EX-1.2 - WABASH NATIONAL Corp | v196682_ex1-2.htm |
| EX-1.1 - WABASH NATIONAL Corp | v196682_ex1-1.htm |
|
Press
Contact: Allison Henk
Marketing
Communications Manager
(765) 771-5674
|
 |
Investor
Relations:
(765)
771-5310
|
Wabash
National Corporation Announces Pricing of Public Offering of Common Stock by
Trailer Investments LLC
LAFAYETTE,
Ind.— September 14, 2010 — Wabash National Corporation (NYSE: WNC) today
announced Trailer Investments, LLC (a wholly-owned entity of Lincolnshire Equity
Fund III, L.P., a private equity investment fund managed by Lincolnshire
Management, Inc.), as Selling Securityholder, has entered into an agreement to
sell 9,349,032 shares of the Company’s common stock in an underwritten public
offering at a price per share to the public of $6.75. All shares
being offered will be issued upon the exercise of a warrant held by the Selling
Securityholder that will be sold to, and exercised by, the
underwriter. The Company did not offer shares of the Company’s common
stock as part of this offering, and will not receive any proceeds from the sale
of the warrant by the Selling Securityholder. Closing of the offering
is expected to occur on September 17, 2010, subject to customary closing
conditions.
Morgan
Stanley & Co. is acting as the sole book-running manager for the
offering.
The
shares will be sold pursuant to a prospectus supplement and accompanying
prospectus as part of an effective shelf registration statement filed by the
Company with the Securities and Exchange Commission. A copy of the prospectus
supplement and accompanying prospectus for this offering may be obtained from
the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New
York, 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
Any offer or sale will be made only by means of the prospectus supplement and
accompanying prospectus.
This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities, in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.
About
Wabash National Corporation
Headquartered
in Lafayette, Ind., Wabash National® Corporation (NYSE: WNC) is one of the
leading manufacturers of semi-trailers in North America. Established in 1985,
the company specializes in the design and production of dry freight vans,
refrigerated vans, flatbed trailers, drop deck trailers, dump trailers, truck
bodies and intermodal equipment. Its innovative core products are sold under the
DuraPlate®, ArcticLite®, FreightPro™ Eagle® and Benson™ brand names. The company
operates two wholly-owned subsidiaries: Transcraft ® Corporation, a manufacturer
of flatbed, drop deck, dump trailers and truck bodies, and Wabash National
Trailer Centers, trailer service centers and retail distributors of new and used
trailers and aftermarket parts throughout the U.S.
Safe
Harbor Statement
This
press release contains certain forward-looking statements, as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
convey the Company’s current expectations or forecasts of future events. All
statements contained in this press release other than statements of
historical fact are forward-looking statements. These forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from those implied by the forward-looking statements. Readers should
review and consider the various disclosures made by the Company in its
filings with the Securities and Exchange Commission, including the risks and
uncertainties described therein.