Pitney Bowes reprices $585 million term loan B
Pitney Bowes said it repriced its $585 million term loan B, reducing the interest margin by 75 basis points.
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Pitney Bowes reprices $585 million Term Loan B, cuts margin
The company said the repricing lowers the loan margin to SOFR plus 300 basis points and is expected to cut annual interest expense by about $4 million. The transaction closed on Sept. 29, 2026, with no change to maturity.
Pitney Bowes Announces Repricing of $585 Million Term Loan B, Reducing Interest Margin by 75 Basis Points
Pitney Bowes Inc. (NYSE:PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients globally, today announced that it has repriced its $585 million Term Loan B due March 2032, reducing the applic…