Wabash Sells Part of Leasing/Finance Portfolio

Wabash National Corp has sold a portion of its leasing and finance portfolio held in its wholly owned subsidiary, Wabash National Finance Corp (WNFC). The subsidiary provides leasing and finance programs to customers for new and used trailers. Proceeds from the sale exceeded $20 million, net of a slight discount, and are expected to be used to pay down outstanding indebtedness of the company and to repurchase shares of its stock under the company's share repurchase program.