04:51 PM EDT, 09/09/2025 (MT Newswires) -- JBT Marel ( JBTM ) said Tuesday it has closed a $575 million private offering of 0.375% convertible senior notes due 2030, including $75 million of notes issued under the initial purchasers' exercise of an option to buy more notes.

The company said it used proceeds to execute convertible note hedge and warrant deals and repay part of the debt under its revolving credit facility.

JBT Marel ( JBTM ) said it plans to draw on its revolving credit facility and/or use cash to repay or refinance its 0.25% convertible senior notes due 2026 at or before maturity.