National Corp. announced Sept. 23 it had finished selling the assets
of its trailer-leasing and -rental and wholesale aftermarket parts-distribution
businesses to Aurora Trailer Holdings LLC.
National Corp. designs, manufactures and markets standard and customized
truck trailers under the Wabash brand name. It will continue that
part of its business.
addition, the company announced it had refinanced its debts.
closing of the asset sale and bank refinancing – combined with our
previous issuance of $125 million, 3.25 percent, convertible senior
unsecured notes – represents the refinancing of substantially all
of the company's outstanding indebtedness," Wabash Chief Financial
Officer Mark R. Holden said in a statement.