Trailer maker Wabash National Corp., Lafayette, Ind., has filed with the Securities and Exchange Commission to sell up to 3,000,000 shares of common stock
through an underwritten public offering to be managed by Merrill Lynch & Co., Bear, Stearns & Co. Inc. and BB&T Capital Markets. In addition, up to 450,000 shares may be sold by Wabash to cover an underwriters over-allotment option.
According to a Wednesday press release, Wabash intends to use the proceeds from the public offering to repay a portion of its outstanding secured bank indebtedness.