Lafayette's Wabash National buys time in its credit crunch

(Lafayette) Journal and Courier

Thursday, April 30, 2009 2:45 PM

By Max Showalter, Journal & Courier

mshowalter@jconline.com

Wabash National Corp. provided details today of a deal that gives it valuable time to work on its finances.

The Lafayette company and its bank group have entered into a forbearance agreement regarding the truck-trailer manufacturer's revolving line of credit and the bank group agreed to refrain from accelerating maturity on the line of credit through May 29.

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR