Moody's: J.B. Poindexter unaffected

Moody's Investors Service said that J.B. Poindexter & Co., Inc.'s recently completed upsizing of its 9% senior unsecured notes due 2022 by $25 million to $225 million does not affect its B1 corporate family rating or the B2 rating on the existing notes.

Net proceeds from the incremental debt offering are expected to be used for general corporate purposes and growth related activities, which may include acquisitions or organic expansion.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.