Pitney Bowes Inc. Announces Results and Upsize of Its Cash Tender Offers for Two Series of Notes

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Key Terms

tender offer financial

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

aggregate principal amount financial

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

medium-term notes financial

Medium-term notes are debt securities issued by companies, banks or governments that promise to pay interest and return principal at a set date a few years out—typically longer than short-term bills but shorter than long-term bonds. For investors they act like staggered IOUs that provide predictable income and help diversify holdings, but they carry credit and interest-rate risk and can affect a portfolio’s cash flow and stability depending on the issuer’s creditworthiness and the note’s term.

CUSIP financial

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

dealer manager financial

A dealer manager is a financial firm — often a broker-dealer or investment bank — that organizes, markets and coordinates the sale of a new securities offering (such as bonds or structured products) to other brokers and investors. Think of it as the project manager and sales team for the deal: its pricing choices, marketing reach and allocation decisions influence how widely the issue is distributed, how competitively it is priced, and how easy it is for investors to buy or sell afterward.

information agent financial

An information agent is a person, team, or third-party service designated to collect, verify and distribute a company’s important announcements, filings or notices to regulators, shareholders and the public. Think of it as the company’s official mailroom and translator combined—responsible for making sure the right facts get to the right people quickly and accurately; investors watch who serves this role because mistakes or delays can affect compliance, market reaction and trust.

tender agent financial

A tender agent is the neutral third party hired to run a tender offer — the process where a buyer invites shareholders to sell their shares at a set price. Think of them as the project manager who collects acceptances, verifies ownership, handles paperwork and payments, and ensures rules are followed; investors rely on them to get paid correctly and on time and to have the offer executed transparently and fairly.

offer to purchase financial

An offer to purchase is a formal proposal from one party to buy a specific amount of shares or assets from another party at a set price. It matters to investors because it signals interest in acquiring ownership and can influence the value or control of a company. Think of it as someone putting forward a clear, serious offer to buy something they find valuable.

12/22/2025 - 08:00 AM

STAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes Inc. (NYSE:PBI) (“Pitney Bowes” or the “Company”) announced today the expiration of and results for its previously announced offers to purchase for cash (each offer a “Tender Offer” and collectively, the “Tender Offers”), subject to certain terms and conditions, up to $80,000,000 aggregate principal amount (subject to increase or decrease by the Company, the “Maximum Tender Amount”) of its outstanding 6.70% Notes due 2043 (the “2043 Notes”) and 5.250% Medium-Term Notes due 2037 (the “2037 Notes” and, together with the 2043 Notes, the “Notes”). The Maximum Tender Amount was increased from $75,000,000 to $80,000,000 in order to accept all Notes validly tendered and not validly withdrawn prior to the Expiration Time.

The Tender Offers expired at 11:59 p.m., New York City time, on December 19, 2025 (the “Expiration Time”).

According to information received from Global Bondholder Services Corporation, the Information Agent and Tender Agent for the Tender Offers, as of the Expiration Time, a total of approximately $79.9 million in aggregate principal amount of Notes had been tendered and not withdrawn. Because the aggregate principal amount tendered exceeded the previously announced $75,000,000 Maximum Tender Amount, the Company increased the Maximum Tender Amount to $80,000,000 and accepted for purchase all Notes validly tendered and not validly withdrawn prior to the Expiration Time. Accordingly, no proration was required. The following table sets forth the details of the total aggregate principal amount of each series of the Notes validly tendered and not validly withdrawn:

Title of Notes	CUSIP Number	Aggregate Principal Amount Outstanding⁽¹⁾	Acceptance Priority Level	Principal Amount Tendered	Principal Amount Accepted

6.70% Notes due 2043	724479506	$425,000,000	1	$75,721,375	$75,721,375

5.250% Medium-Term Notes due 2037	72447XAB3	$35,841,000	2	$4,175,000	$4,175,000

(1) As of the date of the Offer to Purchase.

The Company has accepted for payment all Notes validly tendered and not validly withdrawn prior to the Expiration Time pursuant to the settlement procedures described in the Offer to Purchase, dated November 21, 2025.

BofA Securities served as Dealer Manager for the Tender Offers. Global Bondholder Services Corporation served as the Information Agent and Tender Agent for the Tender Offers. Questions regarding the Tender Offers may be directed to BofA Securities at debt_advisory@bofa.com or by calling toll-free at (888) 292-0070 or collect at (646) 743-0698. The Offer to Purchase may be obtained by calling Global Bondholder Services Corporation at (855) 654-2014 (toll-free) or (212) 430-3774 (collect for banks and brokers) or by visiting www.gbsc-usa.com/pitneybowes.

This press release does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. For the latest news, corporate announcements, and financial results, visit www.pitneybowes.com/us/newsroom. For additional information, visit Pitney Bowes at www.pitneybowes.com.

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the timing and completion of the Tender Offers. Words such as “estimate,” “believe,” “expect,” “anticipate,” “intend” and similar expressions may identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the other factors as more fully outlined in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and other reports filed with the Securities and Exchange Commission during 2025.