Pitney Bowes Calls for Redemption of Outstanding 3.875 Percent Notes Due 2022
August 20 2021 - 8:16AM
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 3.875 percent Notes due 2022
(CUSIP No. 724479 AL4). 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 September 19, 2021 (the
“Redemption Date”), at a redemption price equal to the sum of 100
percent of the aggregate principal amount of the Notes being
redeemed, accrued but unpaid interest on those Notes to such
Redemption Date, and any make-whole amount (the “Redemption
Price”). On and after the Redemption Date, interest will cease to
accrue on the Notes. Because the Redemption Date is not a business
day, the Company will pay the Redemption Price on the next
succeeding business day with the same force and effect as if made
on the Redemption Date, and no interest will accrue for the period
from and after the Redemption Date.
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. 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 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 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/20210820005190/en/
Editorial: Bill Hughes Chief Communications Officer
203/351-6785
Financial: Adam David VP, Investor Relations 203/351-7175
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