Pitney Bowes Inc. has announced the commencement of tender offers to purchase two series of notes: the 6.70% Notes due 2043 and the 5.250% Medium-Term Notes due 2037.
The Tender Offers are subject to terms and conditions, with a maximum aggregate principal amount of $75,000,000.
Holders of the Notes are advised to review the Offer to Purchase carefully before deciding on participation.
Tender Offers Initiation
Pitney Bowes Inc. has initiated tender offers for the purchase of two series of notes, providing an opportunity for holders to sell their Notes back to the Company.
Maximum Tender Amount
The Tender Offers have a maximum aggregate principal amount of $75,000,000 but may be subject to increase or decrease by the Company.
Tender Offer Consideration
Holders who validly tender their Notes may be eligible to receive the tender offer consideration outlined in the Offer to Purchase.
- The Company's decision to initiate the Tender Offers indicates a strategic approach to managing its debt obligations and optimizing its capital structure.
- By providing an opportunity for holders to sell back their Notes, Pitney Bowes Inc. aims to enhance liquidity and potentially reduce outstanding debt levels.
The commencement of the Tender Offers by Pitney Bowes Inc. reflects its commitment to efficient capital management and proactive engagement with Note holders. The outcomes of these offers may impact the Company's debt profile and financial flexibility in the near term.