secwatch / observer
8-K filed June 14, 2023, 7:59 PM ET ticker JBTM CIK 0001433660
M&A confidence high sentiment neutral materiality 0.65

JBT gets lender consent for AeroTech sale to Oshkosh; subsidiary guarantors released

JBT MAREL Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JBT MAREL Corp entered into Stock and Asset Purchase Agreement with Oshkosh Corporation (effective 2023-05-26).

Action
entry
Agreement
asset purchase
Counterparty
Oshkosh Corporation
Effective
2023-05-26
Exact text from the filing
entered into a Stock and Asset Purchase Agreement, dated as of May 26, 2023, pursuant to which, subject to the terms and conditions set forth therein, the Company agreed to sell AeroTech and certain related assets and liabilities to Purchaser
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JBT MAREL Corp entered into Limited Consent and Release with Wells Fargo Bank, National Association (effective 2023-06-09).

Action
entry
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Effective
2023-06-09
Exact text from the filing
(the “ Dutch Borrower ” and, collectively with the Company, the “ Borrowers ”), the lenders party thereto (the “ Lenders ”), and Wells Fargo Bank, National Association, as administrative agent for the Lenders the ( “Administrative Agent” ), entered into a Limited Consent and Release (the “ Limited Consent ”) to the Amended and Restated Credit Agreement (the “ Credit Agreement ”), dated as of December 14, 2021, by and among the Borrowers, the Lenders, and the Administrative Agent, pursuant to which the Lenders and the Administrative Agent (a) provided a consent to the Transaction to the extent required under the terms of the Credit Agreement and (b) agreed to (x) release and discharge each of AeroTech and JBT Lektro, Inc.
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10 material agreements filed in the last 30 days. Browse all material agreements →

JBT MAREL Corp filing history →

Source: SEC EDGAR
accession 0001193125-23-166937
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