Wabash National Details Supreme Acquisition Funding
LAFAYETTE - Lafayette-based Wabash National Corp. (NYSE:WNC) has issued a $325 million private offering. Proceeds from the unsecured senior notes will be used toward the pending acquisition of Goshen-based Supreme Industries Inc. Late last month, Wabash National subsidiary Redhawk Acquisition Corp.'s $21 per share offering for outstanding Supreme Industries stock went live. The deal's equity value is $364 million.
Wabash National says the unsecured senior note offering is not contingent upon the completion of the acquisition. The deal is slated to close by the end of the year.