Pitney Bowes Inc. has announced the results of its cash tender offers for two series of notes. The maximum tender amount was increased from $75,000,000 to $80,000,000 to accept all notes validly tendered and not validly withdrawn prior to the expiration time. According to information received from the information agent and tender agent, a total of approximately $79.9 million in aggregate principal amount of notes had been tendered and not withdrawn, exceeding the initially announced maximum tender amount. As a result, the company accepted for purchase all notes validly tendered and not validly withdrawn prior to the expiration time without requiring proration.
The details of the total aggregate principal amount of each series of the notes validly tendered and not validly withdrawn are as follows:
- 6.70% Notes due 2043:
- Aggregate Principal Amount Outstanding: $425,000,000
- Principal Amount Tendered: $75,721,375
-
Principal Amount Accepted: $75,721,375
-
5.250% Medium-Term Notes due 2037:
- Aggregate Principal Amount Outstanding: $35,841,000
- Principal Amount Tendered: $4,175,000
- Principal Amount Accepted: $4,175,000
The company has accepted for payment all notes validly tendered and not validly withdrawn prior to the expiration time. BofA Securities served as the dealer manager for the tender offers, and Global Bondholder Services Corporation served as the information agent and tender agent for the tender offers.
Pitney Bowes Inc. is a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients worldwide. For further details and information about the company, visit www.pitneybowes.com/us/newsroom. Today the company's shares have moved 0.14% to a price of $10.485. Check out the company's full 8-K submission here.
