Wabash reduced debt load in 2002
Jan 15, 2003 12:00 PMWabash 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.