Park-Ohio Announces $350 Million Senior Secured Notes Offering
Park-Ohio Industries, Inc. (the “Company”), a subsidiary of Park-Ohio Holdings Corp. (
NASDAQ: PKOH), today announced that it intends to offer $350.0 million aggregate principal amount of senior secured notes due 2030 (the “Notes”), subject to market and customary conditions, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). 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 Notes will be secured by, subject in each case to certain exceptions and permitted liens, (i) a first-priority lien on substantially all of the Company’s and the guarantors’ U.S. equipment (including machinery) (the “Notes Priority Collateral”) and (ii) a second-priority lien (junior to the Company’s revolving credit facility) on substantially all of the Company’s and the guarantors’ U.S. assets not constituting Notes Priority Collateral that secure the revolving credit facility. In connection with the offering of the Notes, the Company intends to enter into an amendment to its revolving credit facility in order to, among other things, extend the maturity date to the fifth anniversary from the closing of the amendment (the “Revolving Credit Facility Amendment”).
ParkOhio Announces Quarterly Dividend
The Board of Directors of Park-Ohio Holdings Corp. (
NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on May 16, 2025, to shareholders of record as of the close of business on May 2, 2025.
ParkOhio Announces Fourth Quarter and Full Year 2024 Results
Park-Ohio Holdings Corp. (
NASDAQ: PKOH) today announced its results for the fourth quarter and full year 2024.
ParkOhio Announces Quarterly Dividend
The Board of Directors of Park-Ohio Holdings Corp. (
NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on August 20, 2021, to shareholders of record as of the close of business on August 6, 2021.
