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| Issuer / Guarantor | JBT Marel Corp |
|---|---|
| Size | USD 500mn |
| Type | Convertible |
| Leads | Goldman Sachs, Wells Fargo, JP Morgan, BoA, Citigroup |
| Maturity | 15 Sep 2030 (5 years) |
| Coupon | 0.5 - 1% |
| Premium | 27.5 - 32.5% |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | None |
| CoCo | 130% to Jun 2030 (4.8 yrs) |
| Announced | 03 Sep 2025 |