India, July 17 -- Park-Ohio Industries Inc., a subsidiary of Park-Ohio Holdings Corp. (PKOH), announced that it has priced its offering of $350.0 million aggregate principal amount of senior secured notes due 2030, in a private offering.
The Notes were priced at 99.500% of par and will bear an interest rate of 8.500% per annum. The Notes will be senior obligations of the Company and will be guaranteed, with certain exceptions, by the Company's existing and future domestic subsidiaries on a senior secured basis.
The company expects to close the offering of the Notes on July 31, 2025, subject to the satisfaction of customary closing conditions.
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The Notes ...