JBT Marel Corporation Announces $500 Million Convertible Senior Notes Offering

Reuters
Sep 04
<a href="https://laohu8.com/S/JBTM">JBT Marel</a> Corporation Announces $500 Million Convertible Senior Notes Offering

JBT Marel Corporation has announced a planned offering of $500 million in convertible senior notes due in 2030. This offering will be conducted privately and is aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. JBT Marel has also granted initial purchasers an option to buy an additional $75 million in notes within a 13-day window following the initial closing date. The company plans to use part of the proceeds to manage the costs of convertible note hedge and warrant transactions, with the remaining funds set to repay a portion of its revolving credit facility borrowings. There are no details provided regarding the interest rate, price, or a URL for the full prospectus.

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