JBT Marel Corporation Announces $500 Million Convertible Senior Notes Offering
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JBT Marel Corporation has announced a private offering of $500 million in convertible senior notes, with a 0.375% interest rate and a maturity date of September 15, 2030. The offering includes an option for initial purchasers to buy an additional $75 million. Proceeds will be used for hedge transactions and to repay revolving credit facility borrowings. The initial conversion rate is set at 5.3258 shares per $1,000 principal amount, reflecting a 32.5% premium over the stock's last reported sale price on September 4, 2025.
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