Pitney Bowes Reprices $585M Loan
Pitney Bowes Inc. has repriced its $585 million Term Loan B due March 2032, reducing the applicable interest rate margin by 75 basis points.
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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.
Pitney Bowes reprices USD 585 million term loan B to SOFR+300 bps
Applicable margin on the March 2032 loan falls from SOFR+375 bps; no other terms changed.
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.