JBT Marel closes $575M 0.375% convertible notes due 2030; net proceeds ~$506M

JBT MAREL Corp

$575M aggregate principal (incl. $75M greenshoe) of 0.375% convertible senior notes due 2030.
Initial conversion price ~$187.77/share (32.5% premium over $141.71 closing price on Sept 4).
Net proceeds ~$506.1M; to repay revolver borrowings and refinance 0.25% convertible notes due 2026.
Entered convertible note hedge and warrant transactions; warrant strike $283.42/share (100% premium).
Notes redeemable on/after Sept 20, 2028 if stock price ≥130% of conversion price for 20 of 30 trading days.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

JBT MAREL Corp issued maximum number of shares of the common stock issuable in connection with the warrants is 6,124,672 of warrant to option counterparties.

Security: warrant
Shares: maximum number of shares of the common stock issuable in connection with the warrants is 6,124,672
Purchaser: option counterparties

Exact text from the filing

the Company also entered into warrant transactions with the option counterparties whereby it sold to the option counterparties warrants to purchase, subject to customary anti-dilution adjustments, up to the same number of shares of the common stock

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

JBT MAREL Corp issued convertible note to initial purchasers for $575.0 million aggregate principal amount.

Security: convertible note
Purchaser: initial purchasers
Consideration: $575.0 million aggregate principal amount

Exact text from the filing

On September 9, 2025, JBT Marel Corporation (the “Company”) closed its previously announced private offering (the “Offering”) of $575.0 million aggregate principal amount of the Company’s 0.375% Convertible Senior Notes due 2030

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JBT MAREL Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-199180

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