---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-177477"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:54:43.793963+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes raises $230M via 1.50% convertible notes due 2030, repurchases $61.9M of stock

## Summary
- Issued $230M aggregate principal of 1.50% Convertible Senior Notes due 2030; net proceeds ~$221.4M after discounts and expenses.
- Used $24.7M of proceeds to enter into capped call transactions to reduce potential dilution, with initial cap price of $22.36 per share.
- Used $61.9M to repurchase 5,535,928 shares of common stock at $11.18/share in concurrent privately negotiated transactions.
- Notes have initial conversion price of ~$14.25 per share; interest payable semi-annually at 1.50%.
- Remaining net proceeds will be used for general corporate purposes, debt refinancing, or strategic investments.

## SEC filing metadata
- accession: 0001193125-25-177477
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000119312525177477/0001193125-25-177477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000119312525177477/d945524d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-177477
- JSON: https://secwatch.observer/filing/0001193125-25-177477.json
- Plain text: https://secwatch.observer/filing/0001193125-25-177477.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.