BUZZ-JBT Marel dips after $500 mln convertible offering announced

Reuters

Sep 04

BUZZ-<a href="https://laohu8.com/S/JBTM">JBT Marel</a> dips after $500 mln convertible offering announced

** 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))

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250903:nL6N3UQ0Z6:1","article_id":"2564311255","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564311255","pubTimestamp":1756932361,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-JBT Marel dips after $500 mln convertible offering announced** 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 ** 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4161":"工业机械","JBTM":"约翰宾技术","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","IE0034390439.USD":"FTGF ROYCE US SMALLER COMPANIES \"A\" (USD) D"},"translate_title":"BUZZ-JBT Marel宣布发行5亿美元可转换债券后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JBTM":0.9},"content_text":"BUZZ-JBT Marel dips after $500 mln convertible offering announced** 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. 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