Pitney Bowes redeems $347M 6.875% notes due 2027, upsizes term loan by $150M

PITNEY BOWES INC /DE/

Redeemed $347M aggregate principal of 6.875% Senior Notes due March 2027 on June 24, 2026 using proceeds from term loan upsizing and cash.
Upsized existing Term Loan A by $150M to $302M total with same terms and May 2031 maturity; closed June 23, 2026.
Next scheduled debt maturity now March 2029, eliminating nearest-term maturity and reducing leverage.
New lenders beyond historical relationship banks participated, reflecting improved credit profile per CEO.

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