Jackson Walker Represents J.B. Poindexter & Co., Inc. in Closing Private Offering of $350 Million of Senior Notes

April 30, 2018 | Client Results

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.

For more information, click here to read the press release.

Meet Our Team

The Corporate & Securities practice group assists clients with virtually any type of corporate transaction. From counseling startups and forming investment funds to negotiating M&A transactions and conducting public and private offerings, attorneys handle complex corporate matters of all sizes across countless jurisdictions. The group also serves as outside general counsel to hundreds of companies, working closely with management to provide pragmatic solutions to legal problems that arise. Whether it’s negotiating commercial contracts, improving corporate governance, or navigating securities regulations, clients look to Jackson Walker for guidance on the issues that affect their businesses every day.

Meet JW

For more than 130 years, Jackson Walker has played a vital role in the growth and development of Texas business. Since our founding in 1887, our attorneys have represented some of the most influential companies in the state in key industries that shaped the course of Texas history, including railroads, the media, and oil and gas exploration. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 375 attorneys in our seven offices, we serve clients around the world in a broad range of practices and industries. Our clients know they can count on us to deliver personalized service, legal experience, and added value.

In This Story

Chuck Campbell
Partner, Austin

Arturo Cavazos, Jr.
Partner, San Antonio

Brian Dethrow
Partner, Dallas

Alyca Riley Garrison
Associate, Austin

Steven R. Jacobs
Partner, San Antonio

Brandon C. Janes
Partner, Austin

William T. Johnson
Partner, Houston

Ronald D. Kerridge
Partner, Dallas

James M. McDonough
Partner, San Antonio

William J. McDonough, Jr.
Partner, San Antonio

Noah Speck
Partner, Houston

Michael W. Wood
Partner, Houston