JBT Marel Corporation announced the closing of its previously announced private offering of convertible senior notes. The company successfully issued $575 million aggregate principal amount of 0.375 percent convertible senior notes due 2030.
This total includes the full exercise of the initial purchasers' option to acquire an additional $75 million aggregate principal amount of notes. The successful closing indicates strong demand for the offering.
The net proceeds from this offering will be utilized for general corporate purposes, providing JBT Marel with enhanced financial flexibility. This financing event contributes to the company's capital management strategy following its recent merger.
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