STAMFORD, Conn.–(Company WIRE)–Mar 9, 2021–
Pitney Bowes Inc. (NYSE:PBI) (“Pitney Bowes” or, the “Company”), a global technology firm that offers commerce methods in the regions of ecommerce, shipping, mailing, and fiscal providers, nowadays declared its intention to present (the “Offering”), topic to current market and other disorders, $800,000,000 aggregate principal quantity of senior notes, consisting of senior notes owing 2027 and senior notes thanks 2029 (collectively, the “Notes”).
The Notes will be fully and unconditionally assured by certain of the Pitney Bowes subsidiaries. Pitney Bowes intends to use the internet proceeds of the Offering, together with funds on hand, to (i) repay a portion of the borrowings outstanding beneath Pitney Bowes’ secured time period loan B facility (the “Term Bank loan B Repayment”), (ii) spend the tender present thing to consider for up to $375,000,000 combination principal total of its 3.875% Notes because of 2022, 4.700% Notes due 2023, and 4.625% Notes due 2024 (collectively, the “Existing Notes”), matter to the relevant tender cap for every single series of the Present Notes, that are validly tendered (and not validly withdrawn) by holders of the Present Notes and approved by Pitney Bowes in connection with the funds tender offer that it commenced on March 8, 2021 (the “Concurrent Tender Offer”) and (iii) fork out the expenses and expenditures in connection with the Providing and the Concurrent Tender Give. Any surplus proceeds after Pitney Bowes takes advantage of the proceeds as explained higher than will be applied for basic corporate needs. The Providing is not conditioned on the Phrase Mortgage B Compensation or the completion of the Concurrent Tender Present. If the Phrase Personal loan B Compensation is not built or the Concurrent Tender Present is not concluded, the Enterprise intends to use the net proceeds from the Giving for basic corporate uses.
The Notes will only be provided to certified institutional buyers in the United States pursuant to Rule 144A and exterior the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). Pitney Bowes has not registered, and will not register, the Notes under the Securities Act, any point out securities legislation or the securities legislation of any other jurisdiction. The Notes will be matter to limits on transferability and might not be offered or bought in the United States absent registration or an relevant exemption from the registration requirements of the Securities Act and relevant state regulations.
This information launch shall not constitute an offer you to provide or a solicitation of an present to obtain the Notes or any other securities, and shall not constitute an provide, solicitation or sale in any point out or jurisdiction in which these an offer, solicitation or sale would be unlawful. This information launch is staying issued pursuant to and in accordance with Rule 135c underneath the Securities Act.
Pitney Bowes (NYSE:PBI) is a world technological innovation firm delivering commerce solutions that electricity billions of transactions. Clients all-around the earth, which includes 90 p.c of the Fortune 500, rely on the precision and precision sent by Pitney Bowes options, analytics, and APIs in the parts of ecommerce fulfillment, delivery and returns cross-border ecommerce office mailing and shipping presort solutions and funding. For 100 a long time, Pitney Bowes has been innovating and delivering technologies that clear away the complexity of acquiring commerce transactions exactly suitable. For supplemental details stop by Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.
Ahead-Hunting Statements
This push launch includes “forward-on the lookout statements” about the Company’s intention to give the Notes. Any ahead-hunting statements contained in this press release may perhaps transform based on several components. These forward-looking statements are dependent on present-day anticipations and assumptions that are subject to risks and uncertainties and precise success could differ materially. Phrases this kind of as “estimate,” “target,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend” and related expressions might recognize this sort of ahead-hunting statements.
Despite the fact that the Organization thinks that the anticipations reflected in its ahead-on the lookout statements are fair, genuine final results could differ materially from all those projected or assumed in any of its ahead-searching statements. The Company’s potential fiscal situation and success of functions, as nicely as any forward-looking statements, are issue to improve and to inherent hazards and uncertainties, these types of as individuals disclosed or included by reference in the Company’s filings with the SEC. Appropriately, you should not put undue reliance on the ahead-looking statements contained herein. All forward-looking statements are further more experienced by and ought to be read through in conjunction with the challenges and uncertainties described or referred to in Item 1A. under the caption “Risk Factors” in the Company’s Annual Report on Type 10-K for the calendar year finished December 31, 2020. The Corporation undertakes no obligation to publicly update or revise any forward-searching statements in this push launch, no matter whether as a outcome of new info, potential occasions or normally, besides as expected by legislation.
Chief Communications Officer
Key phrase: UNITED STATES NORTH The us CONNECTICUT
Market Key phrase: Software package FINANCE OTHER Transportation Knowledge Management Expert Services Technologies LOGISTICS/Source CHAIN Administration Transport
Source: Pitney Bowes Inc.
Copyright Organization Wire 2021.
PUB: 03/09/2021 07:30 AM/DISC: 03/09/2021 07:31 AM
Copyright Business enterprise Wire 2021.
