New Issue - Park-Ohio sells $250 mln notes

Thu Mar 31, 2011 5:43pm EDT

  March 31 (Reuters) - Park-Ohio Industries Inc, a unit of
Park-Ohio Holdings Corp (PKOH.O), on Thursday sold $250 million
of senior unsecured notes in the 144a private placement market,
said IFR, a Thomson Reuters service.
  Barclays and JP Morgan were the joint bookrunning managers
for the sale.
BORROWER: PARK-OHIO INDUSTRIES INC
AMT $250 MLN      COUPON 8.125 PCT    MATURITY 4/1/2021  
TYPE SR NTS       ISS PRICE 100.00    FIRST PAY 10/1/2011
MOODY'S B3        YIELD 8.125 PCT     SETTLEMENT 4/7/2011
S&P CCC-PLUS      SPREAD 467 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS

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