Lafayette's Wabash National buys time in its credit crunch

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.