Park-Ohio bought back $15.15 million of 8 3/8% notes during 2009

By Jennifer Chiou

New York, March 8 - Park-Ohio Holdings Corp. announced in its 2009 results report that it repurchased a total of $15.15 million of Park-Ohio Industries, Inc.'s 8 3/8% senior subordinated notes due 2014.

As a result of the buybacks, the company recorded a gain of $6.3 million for the year, including $1.2 million recorded in the fourth quarter.

In the fourth quarter of 2008, Park-Ohio Holdings said it recorded a gain of $6.2 million on the purchase of $11 million of Park-Ohio Industries' notes.

Park-Ohio is a Cleveland-based provider of supply chain logistics services and a manufacturer of engineered products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.