CHICAGO, March 22, 2016 /PRNewswire/ -- JBT
Corporation (NYSE: JBT), a leading global technology solutions
provider to high-value segments of the food & beverage
industry, today announced an amendment to its existing revolving
credit facility agreement dated as of February 10, 2015. Pursuant to the terms of the
amendment, the credit facility size was increased from $450 million to $600
million, while maintaining a $250
million accordion expansion feature. This amendment affords
JBT greater financial flexibility to pursue organic growth
investments and acquisition opportunities.
John Bean Technologies Corporation (JBT) is a leading global
technology solutions provider to high-value segments of the food
& beverage industry with a focus on proteins, liquid foods and
automated systems. JBT designs, produces and services sophisticated
products and systems for multi-national and regional customers
through its JBT FoodTech segment. JBT also sells critical equipment
and services to domestic and international air transportation
customers through its JBT AeroTech segment. JBT Corporation employs
approximately 4,200 people worldwide and operates sales, service,
manufacturing and sourcing operations in more than 25 countries.
For more information, please visit
http://www.jbtcorporation.com.
This release contains forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are information of a non-historical
nature and are subject to risks and uncertainties that are beyond
the Company's ability to control. These risks and uncertainties are
described under the caption "Risk Factors" in the Company's most
recent Annual Report on Form 10-K filed by the Company with the
Securities and Exchange Commission that may be accessed on the
Company's website. The Company cautions shareholders and
prospective investors that actual results may differ materially
from those indicated by the forward-looking statements.
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SOURCE JBT Corporation