JBT Corporation (NYSE: JBT) has amended its existing revolving credit facility agreement dated as of February 10, 2015, the company said.
Pursuant to the terms of the amendment, the credit facility size was increased from USD450 million to USD600 million, while maintaining a USD250 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.