JBT Marel Corporation Closes $575 Million Convertible Senior Notes Offering
JBT Marel Corporation has closed its private offering of $575 million in convertible senior notes, with a 0.375% interest rate and a maturity date in 2030. This includes $75 million from the exercise of an option by initial purchasers. The proceeds will be used for convertible note hedge transactions and to repay part of the company's revolving credit facility borrowings. The company also plans to refinance its existing 0.25% convertible senior notes due in 2026 using its revolving credit facility or cash on hand.
JBT Marel Corporation has announced the closing of its previously announced private offering of convertible senior notes. The company successfully issued $575 million aggregate principal amount of 0.375 percent convertible senior notes, with a maturity date set for 2030. This issuance includes $75 million from the initial purchasers’ full exercise of their option to acquire additional notes. The proceeds from this offering will be used to execute convertible note hedge and warrant transactions and repay a portion of the borrowings under the company’s revolving credit facility. Additionally, JBT Marel Corporation plans to utilize its revolving credit facility or cash on hand to refinance its existing 0.25 percent convertible senior notes due 2026. 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: 20250909212778) on September 09, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
