---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-408361"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2026-09-30T12:08:48+00:00"
generated_at: "2026-10-12T13:58:16.498195+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes reprices $585M Term Loan B to SOFR+300, cut of 75 bps and ~$4M annual interest

## Summary
- Fifth Amendment to Credit Agreement cuts Term Loan B margin to SOFR+300 bps from 375 bps and Base Rate loans to 2.00%; $585.5M outstanding, March 2032 maturity unchanged.
- Repricing expected to lower annual interest expense by ~$4M; combined with recent tenders, annualized interest expense down ~$13M.
- Company retired >$46M of 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037 at a discount to par; total >$126M debt retired via two tenders at ~86 cents.
- S&P upgraded Pitney Bowes issuer credit rating to 'BB-' from 'B+'; CEO Kurt Wolf cites flexibility to repurchase shares and invest in business.
- CFO Paul Evans: past year included upsized/extended revolver and Term Loan A, full repayment of 2027 Notes, ~$18M value captured for shareholders.

## SEC filing metadata
- accession: 0001193125-26-408361
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2026-09-30T12:08:48+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000119312526408361/0001193125-26-408361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000119312526408361/d35056d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-408361
- JSON: https://secwatch.observer/filing/0001193125-26-408361.json
- Plain text: https://secwatch.observer/filing/0001193125-26-408361.txt

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