UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On August 20, 2025, JBT Marel Corporation, a Delaware corporation (the “Company”), entered into the First Amendment to Second Amended and Restated Credit Agreement (the “Amendment”), in order to reduce the pricing applicable to the Term B Loans (the “Initial Term Loans”) outstanding under the Company’s Second Amended and Restated Credit Agreement dated January 2, 2025. The Amendment reduces the pricing applicable to the Initial Term Loans by (i) removing the ten (10) basis point credit spread adjustment that applies to the pricing for such Initial Term Loans and (ii) reducing the applicable margin on the Initial Term Loans from SOFR (as defined therein) plus a range of 2.00% to 2.50%, depending on the Company’s Total Net Leverage Ratio to SOFR plus 1.75%.
The Amendment is dated August 20, 2025 and was executed by and among the Company, John Bean Technologies Corporation Europe B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands and a wholly owned subsidiary of the Company, the Subsidiary Guarantors party thereto, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.
The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 10.1 | First Amendment to Second Amended and Restated Credit Agreement, dated August 20, 2025, by and among JBT Marel Corporation, John Bean Technologies Corporation Europe B.V., Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JBT MAREL CORPORATION | ||
| By: | /s/ Matthew J. Meister | |
| Name: | Matthew J. Meister | |
| Title: | Executive Vice President and Chief Financial Officer | |
Dated: August 21, 2025
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