Wabash National : Wabash National Corporation Completes Amendment and Repricing of Senior Secured Term Loan Facility

    Wabash National : Wabash National Corporation Completes Amendment and
                Repricing of Senior Secured Term Loan Facility

LAFAYETTE, Ind. -  April 29, 2013  - Wabash National  Corporation (NYSE:  WNC) 
announced that it has completed an  amendment to its senior secured Term  Loan 
Credit Agreement that  is expected  to reduce  annual cash  interest costs  by 
approximately $5 million.  As a result  of this amendment,  which will  become 
effective on May  9, 2013, the  Company's credit agreement  will be priced  at 
LIBOR plus 350 basis points,  subject to a LIBOR  floor of 100 basis  points. 
Prior to the amendment,  the Company had $297  million outstanding under  this 
credit agreement, priced at  LIBOR plus 475 basis  points, subject to a  LIBOR 
floor of  125  basis  points.  The amendment  to  the  credit  agreement  also 
provides,  among  other  things,  greater  flexibility  for  the  Company   by 
eliminating a  financial covenant  test  requiring it  to maintain  a  minimum 
interest coverage  ratio. In  addition, concurrent  with the  closing of  the 
amendment, the  Company  will reduce  its  outstanding commitments  under  the 
credit agreement by  electing to  make a  voluntary principal  payment of  $20 

Mark Weber,  Senior  Vice President  and  Chief Financial  Officer  commented, 
"Repricing of the credit  agreement to reduce our  interest cost by 150  basis 
points is one step in our on-going  effort to manage the capital structure  of 
the Company to  provide flexibility  and cash  flow necessary  to execute  our 
strategy. Furthermore,  we  commented previously  that  debt reduction  is  a 
priority for the  Company this year  and the $20  million term loan  repayment 
which will  occur  concurrent  with  the closing  of  the  amended  term  loan 
demonstrates our commitment to do just that."

The Amended  Term  Loan facility  was  completed with  Morgan  Stanley  Senior 
Funding, Inc. acting as lead  arranger, bookrunner, administrative agent,  and 
collateral agent,  and  Wells Fargo  Securities,  LLC, acting  as  joint  lead 
arranger and bookrunner.  RBS Citizens  Business Capital, a  division of  RBS 
Citizens, N.A., GE Capital  Markets, Inc., and BMO  Capital Markets served  as 
co-managers on the transaction.

About Wabash National Corporation

Headquartered in Lafayette, Indiana,  Wabash National Corporation (NYSE:  WNC) 
is a diversified  manufacturer and  North America's leading  producer of  semi 
trailers and liquid transportation systems.  Established in 1985, the  Company 
specializes in the  design and  production of dry  freight vans,  refrigerated 
vans, platform  trailers, intermodal  equipment,  liquid tank  trailers,  frac 
tanks, engineered products, and  composite products. Wabash National  operates 
three wholly-owned subsidiaries: Transcraft Corporation, Walker Group Holdings
LLC, and Wabash  National Trailer  Centers, Inc. Its  innovative products  are 
sold  under  the  following  brand  names:  Wabash  National^®,  Transcraft^®, 
Benson^®,  DuraPlate^®,  ArcticLite^®,  Walker  Transport,  Walker   Stainless 
Equipment, Walker  Defense Group,  Walker Barrier  Systems, Walker  Engineered 
Products,  Brenner^®   Tank,   Garsite,   Progress  Tank,   TST,   Bulk   Tank 
International,  Beall^®  and  Extract  Technology^®.  To  learn  more,   visit 

Safe Harbor Statement
This press release contains certain forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements convey the Company's current expectations or forecasts of future
events. All statements contained in this press release other than statements
of historical fact are forward-looking statements. These forward-looking
statements include, among other things, statements regarding our outlook for
new trailer shipments and Operating EBITDA, backlog, expectations regarding
trailer demand levels, improved profitability and earnings capacity, quote and
inquiry levels for 2013, our intent to further enhance the margin profile of
our core trailer business and the benefits of the acquisitions of Walker and
certain assets of Beall. These and the Company's other forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from those implied by the forward-looking
statements. Without limitation, these risks and uncertainties include the
uncertain economic conditions including the possibility that demand
expectations may not result in order increases for us, increased competition,
reliance on certain customers and corporate partnerships, risks of customer
pick-up delays, shortages and costs of raw materials, risks in implementing
and sustaining improvements in our manufacturing capacity and cost
containment, dependence on industry trends and timing, costs of indebtedness
incurred in connection with the acquisition of Walker and the failure to
achieve the benefit of the Walker acquisition and Beall asset purchase.
Readers should review and consider the various disclosures made by the Company
in this press release and in the Company's reports to its stockholders and
periodic reports on Forms 10-K and 10-Q.

                                    # # #

Press Contact: Tom Rodak
Director of Corporate Marketing
(765) 771-5555

Investor Relations: Jeff Taylor
VP Finance & Investor Relations
(765) 771-5310


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Wabash National via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.