CHICAGO, March 6, 2017 /PRNewswire/ -- JBT
Corporation (NYSE: JBT), (the "Company"), a global
technology solutions provider to high-value segments of the food
and beverage industry, announced today that it has commenced an
underwritten public offering of 2,000,000 shares of the Company's
common stock, par value $0.01 per
share (the "Common Stock"). In addition, the Company intends
to grant the underwriters a 30-day option to purchase up to an
additional 300,000 shares of Common Stock sold in the offering at
the public offering price, less underwriting commissions.
The Company intends to use the net proceeds it receives from the
offering to repay a portion of the Company's outstanding borrowings
under its revolving credit facility and for general corporate
purposes.
BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are
acting as joint bookrunners and representatives of the underwriters
for the offering. Baird, BMO Capital Markets and William Blair are also acting as bookrunners for
the offering. This offering is being made by means of a
prospectus supplement and accompanying base prospectus, copies of
which may be obtained free by visiting EDGAR on the Securities and
Exchange Commission (SEC) website at www.sec.gov. The prospectus
supplement and base prospectus may also be obtained by sending a
request to: BofA Merrill Lynch, 200 North College Street, 3rd
floor, Charlotte, NC 28255-0001, Attention: Prospectus
Department; J.P. Morgan Securities LLC, 1155 Long Island Avenue,
Edgewood, NY 11717, Attention:
Broadridge Financial Solutions; or Wells Fargo Securities,
LLC, 375 Park Avenue, New York, NY
10152, Attention: Equity Syndicate Department.
This offering is being made pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission on January 9, 2017. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Company's Common Stock or any
other securities, and there shall not be any offer, solicitation or
sale of securities mentioned in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such any state or jurisdiction.
JBT Corporation (NYSE: JBT) is a leading global technology
solutions provider to high-value segments of the food &
beverage industry with focus on proteins, liquid foods, and
automated system solutions. JBT designs, produces and services
sophisticated products and systems for multinational and regional
customers through its FoodTech segment. JBT also sells critical
equipment and services to domestic and international air
transportation customers through its AeroTech segment. JBT
Corporation employs approximately 5,000 people worldwide and
operates sales, service, manufacturing and sourcing operations in
more than 25 countries.
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 include statements regarding the completion, timing,
size and use of proceeds of the proposed public offering that
involve risks and uncertainties, including, without limitation,
risks and uncertainties related to market conditions and the
satisfaction of closing conditions related to the proposed public
offering. These forward-looking statements are subject to
risks and uncertainties that are beyond the Company's ability to
control. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the Company's business in general, please refer to the
Company's preliminary prospectus supplement filed with the SEC on
March 6, 2017, including the
documents incorporated by reference therein, which includes its
Annual Report on Form 10-K filed with the SEC on February 28, 2017. The Company cautions
shareholders and prospective investors that actual results may
differ materially from those indicated by the forward-looking
statements.
Investors &
Media:
|
Jeff
Scipta
|
+1 312 861
5930
|
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SOURCE JBT Corporation