PBI Debt

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

Published August 05, 2025 at 08:43 PM

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI) (“Pitney Bowes” or, the “Company”) today announced that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of its convertible senior notes due 2030 (the “Convertible Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the Convertible Notes an option to purchase, within a 13-day

Related Questions

Will the private placement dilute existing shareholders if the notes are converted into equity? What impact could the note issuance have on the company’s short‑term liquidity and cash‑flow forecasts? What is the expected pricing spread (discount or premium) for the convertible notes in the private placement? How does this convertible note issuance compare with recent similar offerings by peers in the printing and logistics sector? What are the potential risks if interest rates rise above the coupon rate before the 2030 maturity? How does the market view the creditworthiness of Pitany Bowes in light of this debt offering? Will the 13‑day purchase option for initial purchasers materially influence the secondary market pricing of the notes? How will the conversion option affect the potential upside or downside for current PBI shareholders? What is the coupon rate and conversion price of the 2030 convertible notes, and how do they compare to current market rates? How will the $200 million convertible senior notes issuance affect Pitney Bowes’ capital structure and leverage ratios?