Wabash reduced debt load in 2002

Jan. 15, 2003
Wabash National Corporation, Lafayette IN, has announced that it reduced its debt by $100 million in 2002 and that it has liquidity (cash and credit)
Wabash National Corporation, Lafayette IN, has announced that it reduced its debt by $100 million in 2002 and that it has liquidity (cash and credit) of $75 million. This compared to only $24 million liquidity at the end of 2001. The company anticipates additional debt reduction as it divests much of its rental and leasing operation in the near future. All proceeds from the divestiture will be used to pay down debt.

In a related matter, Wabash National has announced that it will conduct a conference call to discuss its 2002 financial results on Monday February 24, 2003 at 10 am eastern standard time. The conference call will follow release of financial results after market closing on Friday February 21. The conference call number is 877-711-7419.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...