Trailer maker sells some assets, refinances debt

| Tuesday, September 30, 2003

Wabash 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.

Wabash National Corp. designs, manufactures and markets standard and customized truck trailers under the Wabash brand name. It will continue that part of its business.

In addition, the company announced it had refinanced its debts.

"The 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.

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