Pitney Bowes Calls for Redemption of Outstanding 3.625 Percent Notes Due 2020
December 02 2019 - 12:59PM
Business Wire
Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, and financial services today announced its call for
redemption of all of its outstanding 3.625 percent Notes due 2020
(CUSIP No. 724479 AM2). The Notes were issued under an Indenture
dated February 14, 2005, between the Company, as issuer, and The
Bank of New York Mellon, successor to Citibank, N.A., as trustee,
as supplemented and amended.
The Notes will be redeemed on December 27, 2019, at a redemption
price equal to the sum of 100 percent of the aggregate principal
amount of the Notes being redeemed and accrued but unpaid interest
on those Notes to such Redemption Date, and any make-whole amount.
On and after the Redemption Date, interest will cease to accrue on
the Notes.
As trustee, The Bank of New York Mellon will deliver a notice of
redemption to all registered holders of the Notes.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; and financing. For nearly 100 years Pitney Bowes
has been innovating and delivering technologies that remove the
complexity of getting commerce transactions precisely right. For
additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.
Forward Looking Statements
This press release contains “forward-looking statements” about
the Company’s intention to redeem the Notes. These forward-looking
statements are subject to a number of risks and uncertainties, many
of which are beyond the Company’s control, which could cause the
Company’s actual results to differ materially from those included
in the Company’s forward-looking statements. Please see the
Company’s risk factors, as they may be amended from time to time,
set forth in its filings with the Securities and Exchange
Commission, including the Company’s most recently filed Annual
Report on Form 10-K. The Company assumes no obligation to update
any forward-looking statements contained in this document as a
result of new information, events or developments.
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version on businesswire.com: https://www.businesswire.com/news/home/20191202005798/en/
Editorial: Bill Hughes Chief Communications Officer
203-351-6785
Financial: Adam David VP, Investor Relations 203-351-7175
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