JBT Marel Corporation Announces $500 Million Convertible Senior Notes Offering
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.
JBT Marel Corporation has announced the pricing of its private offering of convertible senior notes, totaling an aggregate principal amount of $500 million. The notes carry an interest rate of 0.375% per annum, with interest payable semiannually starting March 15, 2026. The notes are set to mature on September 15, 2030. Additionally, the company has granted initial purchasers an option to buy up to an additional $75 million of the notes within 13 days from the initial closing date, which is expected to be September 9, 2025. The initial conversion rate is set at 5.3258 shares of the company’s common stock per $1,000 principal amount of notes, with a conversion premium of approximately 32.5% over the last reported sale price of the company’s stock on September 4, 2025. The proceeds from this offering are intended for hedge and warrant transactions and to repay borrowings under its revolving credit facility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JBT Marel Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250904304497) on September 05, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
