Wabash National Corp (NYSE:WNC) shares fell in after-hours trading on Tuesday after the company announced a proposed private offering of $100 million in convertible senior notes due 2032.
Wabash closed Tuesday's regular session at $13.42, up 2.99%.
In after-hours trading, the stock fell 14.19% to $11.52.
Wabash provides transportation, logistics and infrastructure solutions, manufacturing trailers, truck bodies and related supply chain products. $100 Million Notes Offering Wabash said it has commenced a private offering of $100 million aggregate principal amount of convertible senior unsecured notes due 2032.
The company also expects to grant the initial purchasers an option to purchase up to an additional $15 million aggregate principal amount of the notes.
