05:32 PM EDT, 07/15/2025 (MT Newswires) -- Park-Ohio Industries, a subsidiary of Park-Ohio ( PKOH ) , said late Tuesday it intends to launch a private offering of $350 million in aggregate principal amount of senior secured notes due 2030.

The net proceeds, along with existing cash, will be used to redeem all outstanding $350 million of 6.625% senior notes due 2027 and cover related expenses.

The company said it also plans to amend its revolving credit facility, extending its maturity to five years from the amendment's closing.