Park-Ohio to repay credit facility debt with note offering proceeds

By Tali Rackner

Norfolk, Va., March 31 – Park-Ohio Industries, Inc. intends to repay a portion of the amounts outstanding under its credit facility with some of the net proceeds from a senior note offering, according to a press release.

The company announced a plan to offer $350 million of senior notes due 2027.

Park-Ohio is a Cleveland-based provider of supply chain logistics services.

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