J.B. Poindexter & Company Inc. announces the offering of $250 million in senior unsecured notes.

J.B. Poindexter & Co., Inc. Announces Private Offering of Senior Unsecured Notes

In a press release issued by Business Wire, J.B. Poindexter & Co., Inc., a privately-held company specialising in the design, manufacture, and marketing of various products including commercial truck bodies, ambulances, buses, and funeral coaches, has announced a private offering of $250 million senior unsecured notes due 2031.

The notes, to be guaranteed by certain subsidiaries of the company, will bear interest at 8.750% per annum. The notes were priced at 100.500% of the principal amount plus accrued interest.

The company plans to use the net proceeds from the offering to pay fees, repay a bridge credit facility, and repay an asset-based lending facility. The intended use of proceeds is also mentioned in the forward-looking statements.

It is important to note that the New 2031 Notes have not been registered under the Securities Act or any state securities laws. Consequently, the notes can only be offered to qualified institutional buyers and non-U.S. persons.

The press release contains forward-looking statements. These statements are identified by words such as "believe," "expect," "expected," "anticipate," "intends," "estimate," "forecast," "project," "should," "may," "will," "would" or the negative thereof and similar expressions. The forward-looking statements include statements related to the Company's intentions regarding the timing and completion of the offering.

The offering is expected to close on August 4, 2025.

For more information about J.B. Poindexter & Co., Inc., please contact Matt Eul, Director of Marketing, via email at [email protected] or phone at 641-629-0921.

The Company assumes no obligation to update any forward-looking statements or information. Other matters are also included in the forward-looking statements.

J.B. Poindexter & Company Inc. announces the offering of $250 million in senior unsecured notes.