** Shares of food and beverage process firm JBT Marel Corp JBTM.N down 2.5% post-market at $137.85 as it looks to raise capital

** Chicago, Illinois-based JBTM, formerly John Bean Technologies, announces private offering of $500 mln 5-yr convertible bonds (CBs)

** It plans to use net proceeds to repay portion of outstanding borrowings under its revolver, and subsequently to refinance its 0.25% CBs due 2026

** Co also intends to use portion of proceeds to pay cost of hedge and warrant transactions to help mitigate dilution

** With ~52 mln shares outstanding, co has about $7.4 bln market cap

** JBTM shares fell for 7th straight session on Weds, ending down 0.5% at $141.44

** Stock up 11% YTD through Weds close

** Of 6 analysts covering JBTM, recommendation breakdown is 4 "strong buy" or "buy", 1 "hold" and 1 "sell"; median PT of $155 up from $135 a month ago, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))