Pitney Bowes Inc. announced the expiration and results of its cash tender offers for two series of notes.
The company increased the Maximum Tender Amount to $80,000,000 to accept all validly tendered notes.
No proration was required as the aggregate principal amount tendered exceeded the previous Maximum Tender Amount.
Maximum Tender Amount Increased
Maximum Tender Amount raised from $75,000,000 to $80,000,000 to accommodate all valid tendered notes.
Aggregate Principal Amount
Approximately $79.9 million in aggregate principal amount of Notes were tendered and accepted.
Details of Notes
6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037 were among the accepted tendered notes.
- All validly tendered notes were accepted without proration, indicating strong investor interest.
- The successful completion of the tender offers may have positive implications for Pitney Bowes' financial position and future endeavors.
Pitney Bowes Inc.'s successful completion of the Cash Tender Offers reflects investor faith and may contribute positively to the company's financial stability and growth prospects.