Wabash Announces Pricing of Upsized Offering of $130 Million Convertible Senior Notes
Wabash priced an upsized $130 million private offering of 4.00% convertible senior notes due 2032, increasing the size from the previously announced $100 million due to strong institutional demand. The notes carry an initial conversion price of $16.75 per share, representing a 32.5% premium to the last reported sale price of $12.64, and include a 13-day option for purchasers to buy an additional $20 million aggregate principal amount.
Key figures
- Deal Value Usd
- 130000000
- Interest rate
- 4.00%
- Maturity year
- 2032
- Conversion price
- 16.75
- Greenshoe amount
- 20000000
- Net proceeds base
- 122000000
- Prior close price
- 12.64
- Conversion premium
- 32.50%
- Net proceeds full upsized
- 141000000
AI analysis
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