Wabash National Explores Possible Sale

Trailer maker Wabash National Corp. said it is exploring strategic alternatives — including divestitures, changes to its capital structure and a merger or a sale — following a default under a revolving credit agreement.

The company said March 31 that a failure to deliver audited financial statements by that date resulted in a default and higher interest rates on its credit line.

“Our priority continues to be working diligently with our lenders to renegotiate our revolving credit facility and improving our liquidity position,” Chief Executive Officer Dick Giromini said.