Pitney Bowes Announces Redemption of 2027 Senior Notes and Upsizing of Term Loan A
Pitney Bowes redeemed all $347 million of its 6.875% Senior Notes due March 2027, effectively eliminating its nearest-term debt maturity. To fund the redemption, the company upsized its existing Term Loan A credit facility by $150 million to a total of $302 million, bringing in new lenders without altering existing terms or the May 2031 maturity date.
Key figures
- Deal Value Usd
- 150000000
- Redemption rate
- 6.875%
- Redemption amount
- 347000000
- Total term loan balance
- 302000000
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