Latham & Watkins Advises on ParkOhio’s US$350 Million Senior Secured Notes Offering

Park-Ohio Industries, Inc., a subsidiary of Park-Ohio Holdings Corp. (NASDAQ: PKOH), has announced that it has priced its offering of US$350 million aggregate principal amount of senior secured notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The company expects to close the offering of the notes on July 31, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by partners Ian Schuman, Stelios Saffos, and Andrew Baker and counsel Hana Nah, with associates Isabelle Sawhney and Zafreen Siddiquee, and a banking team led by partner Paul Bonewitz and counsel Seung-Ju Paik, with associate Jack Klein. Advice was also provided on tax matters by partner Ana O’Brien, with associate Joe Marcus; on environment, land, and resources matters by counsel David Langer, with associate Brittany Curcuru; on executive compensation and employment and benefits matters by counsel Rifka Singer; on sanctions matters by counsel Ruchi Gill; on Foreign Corrupt Practices Act matters by partner Danny Dominguez; and on anti-money laundering matters by partner Joseph Bargnesi.