---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-036154"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2026-05-19T12:24:37+00:00"
generated_at: "2026-05-19T12:25:51.173035+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes extends credit facilities to 2031; Fitch initiates BB- rating

## Summary
- Amended RCF ($450M) and Term Loan A ($152M) extended to May 2031; size unchanged.
- New covenants: Interest Coverage ≥2.00x, Secured Net Leverage ≤3.00x, Total Net Leverage stepping down to 4.00x.
- Fitch initiated coverage with BB- rating and Stable Outlook; senior secured debt rated BB+.
- Springing maturity provisions tied to existing senior notes remain in place.

## SEC filing metadata
- accession: 0001628280-26-036154
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2026-05-19T12:24:37+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000162828026036154/0001628280-26-036154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000162828026036154/pbi-20260518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-036154
- JSON: https://secwatch.observer/filing/0001628280-26-036154.json
- Plain text: https://secwatch.observer/filing/0001628280-26-036154.txt

## Key facts
- Debt Financings
  PITNEY BOWES INC /DE/ amended credit facility with Bank of America, N.A., as the administrative agent maturing five years from the Amendment Effective Date.
  - Instrument: credit facility
  - Counterparty: Bank of America, N.A., as the administrative agent
  - Maturity: five years from the Amendment Effective Date
  - Event: amendment
  source text: The Amendment (i) extends the maturity date of the Company’s revolving credit facility and term loan A facility to the date that is five years from the Amendment Effective Date and (ii) makes certain other changes to the covenants, terms and conditions applicable to the credit facilities under the Credit Agreement, including amending the financial maintenance and other negative covenants applicable to the Company and its subsidiaries.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000162828026036154/0001628280-26-036154-index.htm
- Material Agreements
  PITNEY BOWES INC /DE/ amended Credit Agreement with Bank of America, N.A. valued at Amended Credit Agreement with interest coverage ratio not less than 2.00 to 1.00, secured net levera (effective 2026-05-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: Amended Credit Agreement with interest coverage ratio not less than 2.00 to 1.00, secured net levera
  - Effective: 2026-05-18
  source text: On May 18, 2026 (the “ Amendment Effective Date ”), Pitney Bowes Inc. (the “ Company ”), and certain other subsidiaries of the Company, entered into an amendment (the “ Amendment ”) to its Credit Agreement, dated as of February 7, 2025 (as amended prior to the date hereof and as further amended by the Amendment, the “ Credit Agreement ”), among the Company, the Loan Parties party thereto, the Lenders and Issuing Banks party thereto and Bank of America, N.A., as the administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000162828026036154/0001628280-26-036154-index.htm

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