Cases & Deals

Park-Ohio completes $350 million Senior Secured Notes offering

Client(s) Park-Ohio Industries, Inc.

Jones Day represented by Park-Ohio Industries, Inc. (“Park-Ohio”) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 8.500% Senior Secured Notes due 2030 (the “Notes”). The Notes are guaranteed, on a senior secured basis, by each of Park-Ohio's domestic subsidiaries that is a guarantor under its revolving credit facility. Park-Ohio intends to use the net proceeds form the offering of the Notes, along with cash on hand, to redeem all of its outstanding 6.625% Senior Notes due 2027.