March 31, 2011 / 9:52 PM / 6 years ago

New Issue - Park-Ohio sells $250 mln notes

  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  

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below