debt
confidence high
sentiment neutral
materiality 0.50
Pitney Bowes launches cash tender offers for up to $50M of two note series
PITNEY BOWES INC /DE/
- Tender offers up to $50M aggregate principal for 6.70% Notes due 2043 and 5.250% Notes due 2037.
- Consideration: $22 per $25 principal for 2043 Notes; $850 per $1,000 for 2037 Notes, plus accrued interest.
- Expiration Sept 18, 2026; withdrawal deadline Sept 10; settlement expected Sept 22, 2026.
- Financing from cash on hand; BofA Securities is dealer manager.
- Outstanding principal: $349.3M of 2043 Notes, $31.1M of 2037 Notes.