Pitney Bowes Cuts Pricing on $585.5 Million Term Loan B; SOFR Margin Now 3.00%

Pitney Bowes entered into a Fifth Amendment to its Credit Agreement to reduce the interest rate margins on its outstanding tranche B term loans. The amendment lowers the margin to 3.00% for Term SOFR loans and 2.00% for Base Rate loans, with $585.5 million of tranche B loans outstanding as of the a…