Pitney Bowes Inc. Announces Closing of $230 Million Offering of Convertible Senior Notes
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI) (âPitney Bowesâ or, the âCompanyâ) today announced that it completed its previously announced offering (the âOfferingâ) of $230 million aggregate principal amount of 1.50% convertible senior notes due 2030 (the âConvertible Notesâ) in a private placement under the Securities Act of 1933, as amended (the âSecurities Actâ). The $230 million aggregate principal amount of Convertible Notes sold in the Offering includes $30 million aggre
Related Questions
How will the issuance of $230 million in convertible senior notes affect Pit Pitney Bowes' equity dilution and earnings per share?
What is the conversion price and how does it compare to the current PBI stock price?
What is the effective yield and cost of capital for the 1.50% convertible notes relative to other debt instruments?
What are the maturity and redemption terms for the 2030 convertible notes?
How does the 1.50% coupon compare to the company's existing debt and market rates?
What is the expected impact on the company's credit rating and borrowing capacity?
Will the conversion feature likely be exercised and how could it affect future share float and ownership concentration?
How does this offering compare to prior fundraising activities or similar issuances by peers in the shipping/technology sector?
What are the tax and accounting implications of the convertible notes for the company?
How might the market react to the increased leverage and potential dilution in the short term (stock price volatility, trading volume)?