Wabash National Corporation announced that it plans to offer, subject to market and other conditions, up to $150M aggregate principal amount of Senior Convertible Notes due 2018. Wabash intends to use the net proceeds from the sale of the Notes to fund a portion of the purchase price of its pending acquisition of Walker Group Holdings, LLC. In the event that the acquisition of Walker Group Holdings is not consummated, Wabash intends to use the net proceeds either to fund the redemption of the Notes or for general corporate purposes. The joint book-running managers for the offering are Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC. BMO Capital Markets Corp. and RBS Securities Inc. are acting as co-managers for the offering.
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term …