Jackson Walker successfully represented J.B. Poindexter & Co., Inc. in closing the private offering of $350 million aggregate principal amount of senior unsecured notes due 2026. The offering, announced on April 16, 2018, is guaranteed by certain subsidiaries of the company. Beginning October 15, 2018, J.B. Poindexter will pay interest on the 2026 notes, which bear interest at 7.125 percent per annum, semiannually on April 15 and October 15 of each year.

A portion of the offering’s net proceeds will be used to redeem the company’s outstanding 9 percent senior unsecured notes due 2022, which have an outstanding aggregate principal amount of $175 million. The company intends to use the remaining net proceeds of the offering for general corporate purposes.

J.B. Poindexter is a privately held, diversified manufacturing company with operating subsidiaries engaged in the production and sale of commercial truck and van bodies, step-vans, funeral coaches and limousines, mid-sized buses, commercial vehicle shelving and storage systems, pick-up truck bed enclosures and tonneau covers, precision machined components, and expandable foam plastics.

Representing J.B. Poindexter was a Jackson Walker team led by Houston partner Michael W. Wood with assistance from Austin partner Chuck Campbell, San Antonio associate Art Cavazos Jr., Dallas partner Brian Dethrow, San Antonio associate Alexine Zacarias Friedman, San Antonio partner Steven R. Jacobs, Austin partner Brandon C. Janes, Houston partner William T. Johnson, Dallas partner Ronald D. Kerridge, Houston associate Monica A. Lopez, San Antonio partner William J. McDonough Jr., San Antonio partner James M. McDonough, Houston associate James Richardson, Austin associate Alyca Riley, and San Antonio associate Noah Speck.

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