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JBT Corporation Announces Pricing of Convertible Senior Notes

JBT Corporation Announces Pricing of Convertible Senior Notes News provided by Share this article Share this article CHICAGO, May 25, 2021 /PRNewswire/ John Bean Technologies Corporation (NYSE: JBT) (the Company ) announced today the pricing on May 25, 2021 of the offering of $350 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the Notes ) in a private offering (the Offering ). The Company also granted to the initial purchasers of the Notes an option to purchase up to an additional $52.5 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the initial closing date of the Offering. The Offering and the convertible note hedge and warrant transactions described below, are expected to close on May 28, 2021, subject to customary closing conditions.

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