Cases & Deals

Park-Ohio issues $250 million of 8.125% Senior Notes in Rule 144A and Regulation S offering and completes $111.5 million tender offer for Senior Subordinated Notes

Clients Park-Ohio Industries, Inc.

Jones Day advised Park-Ohio Industries, Inc., an industrial supply chain logistics and diversified manufacturing business, in connection with its Rule 144A and Regulation S offering of $250 million aggregate principal amount of 8.125% Senior Notes due 2021 and concurrent tender offer and consent solicitation related to its outstanding 8.375% Senior Subordinated Notes due 2014. Initial Purchasers included Barclays Capital Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., FBR Capital Markets & Co., and Morgan Joseph TriArtisan LLC. Barclays Capital Inc. and J.P. Morgan Securities LLC served as Dealer Managers for the tender offer and consent solicitation.

The net proceeds from the offering of Senior Notes were used to repurchase all of the 8.375% Senior Subordinated Notes and to repay term loans under the existing credit facility

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