(NYSE:JBTM) CHICAGO--(BUSINESS WIRE)--JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) announced today that it intends to offer $500 million aggregate principal amount of convertible senior notes due 2030 (the âNotesâ) in a private offering (the âOfferingâ). The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $75 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the initial closing date of the
Related Questions
What will be the impact of the $500âŻmillion convertible notes issuance on JBT Marel's capital structure and potential dilution?
How does the conversion premium and optional upâfront $75âŻmillion offering affect the notes' yield and upside for investors?
How do the terms and size of this convertible senior notes offering compare to recent financing activities of peer companies in the industrial equipment sector?