WABASH NATIONAL Corp (WNC): Entry into a Material Definitive Agreement
WABASH NATIONAL Corp (WNC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 d53407dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT THIS SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “ Amendment ”) is entered into as of August 12, 2026 (the “ Effective Date ”), by and
How this was made
The 30-second read
Why it matters
The amendment includes a new lender joining the facility (Morgan Stanley Senior Funding, Inc.), removal of Citizens Bank as a lender, and appointment of additional joint lead arrangers (PNC Capital Markets, LLC and JPMorgan Chase Bank, N.A.). Effectiveness is conditioned on excess availability not being less than $120,000,000 and on representations and warranties being true.
Market read
Debt agreement amendments can affect perceived credit risk and near-term liquidity, especially when tied to a specific excess availability condition.
What to watch
Traders should verify whether the amendment changes revolver pricing, maturity, leverage/covenant definitions, or collateral terms, which are not visible in the provided excerpt.
Background
The company filed an SEC Form 8-K for entry into a material definitive agreement, specifically a Sixth Amendment to its Second Amended and Restated Credit Agreement dated December 21, 2018.
Ticker impact
Wabash entered a Sixth Amendment to its credit agreement, adding a new lender and changing lender composition and conditions tied to excess availability.
Likely modest, with focus on whether the amended terms signal improved liquidity or tighter covenants; direction depends on the final economics not shown here.
The filing is a primary disclosure (8-K) about debt agreement amendments, but the excerpt does not include the specific pricing, maturity, or covenant changes beyond the excess availability threshold.
Market effects
Provides a read-through on mid-cap industrial credit conditions and lender appetite, but no sector-wide policy or peer guidance is disclosed.
No specific regional demand or funding shock is described beyond US bank participation.
No direct global macro or cross-border funding impact is stated.
Counterpoint
This may be largely administrative (lender reshuffle and schedule updates) with limited economic impact if pricing and covenants are unchanged.
Key entities
- issuerWabash National Corporation
Subject of the 8-K, borrower under the amended credit agreement.
- lenderMorgan Stanley Senior Funding, Inc.
New lender that joins the credit agreement effective August 12, 2026.
- agentWells Fargo Capital Finance, LLC
Joint lead arranger and administrative agent for the lenders.
- lenderCitizens Bank, N.A.
Removed as a lender under the credit agreement as of the effective date.
- arrangerPNC Capital Markets, LLC
Appointed joint lead arranger as of the effective date.
