PBI Funding

Pitney Bowes Inc. Announces Pricing of $200 Million Offering of Convertible Senior Notes

Published August 06, 2025 at 03:53 AM

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI) (“Pitney Bowes” or, the “Company”) today announced the pricing of its private offering (the “Offering”) of $200 million aggregate principal amount of 1.50% convertible senior notes due 2030 (the “Convertible Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the Convertible Notes, the Company has granted the initial purchasers of the Convertible Note

Related Questions

How will the convertible notes impact Pitney Bowes’ leverage ratios and credit rating? What arbitrage opportunities exist with the convertible notes (e.g., convertible bond arbitrage, credit vs equity)? How does the conversion premium compare to the current PBI stock price and implied valuation? What short‑term impact will this issuance have on supply‑demand dynamics for PBI stock? What is the market pricing (yield, spread) of the notes relative to comparable corporate bonds? What are the intended uses of the $200 million proceeds and how will they affect the company's liquidity and growth initiatives? What is the conversion price and conversion ratio of the 1.50 % convertible senior notes? How does the 1.50 % coupon and 2030 maturity compare to Pitney Bowes’ existing debt and to similar offerings by peers? How much dilution could result if the notes are fully converted into equity? Is there a call or redemption feature, and at what price, which could affect the timing of conversion?