03:35 AM EDT, 07/18/2025 (MT Newswires) -- Park-Ohio Holdings ( PKOH ) said late Thursday it priced a private offering of $350 million principal amount of senior secured notes due 2030 at 99.5% of par value with a yearly interest rate of 8.5%.

Net proceeds will be used to fund the redemption of $350 million outstanding 6.625% senior notes due 2027, the company said.

The offering is expected to close on July 31, subject to customary closing conditions.