Pitney Bowes buys back $46.5M in debt notes
Pitney Bowes completed cash tender offers, accepting $46.5 million of two long-dated note issues against a $50 million maximum.
Rhea-AI Filing Summary
Pitney Bowes Inc. (PBI) reported the completion and results of its cash tender offers for two series of outstanding notes. The company had offered to purchase for cash, subject to terms and conditions, up to $50,000,000 aggregate principal amount of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037.
As of the expiration of the tender offers at 5:00 p.m. New York City time on September 18, 2026, a total of $46,467,050 aggregate principal amount of notes had been validly tendered and not validly withdrawn. This included $40,765,050 of the 6.70% Notes due 2043 and $5,702,000 of the 5.250% Medium-Term Notes due 2037. The company has accepted for payment all notes validly tendered pursuant to the settlement procedures described in its Offer to Purchase dated August 20, 2026.
Positive
- None.
Negative
- None.
Filing Explained
The accepted principal was less than the amount outstanding in each series, so the completed repurchase did not fully retire either note series.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Maximum Tender Amount: $50,000,000 aggregate principal amount
Total Notes Tendered: $46,467,050 aggregate principal amount
2043 Notes Tendered and Accepted: $40,765,050 principal amount
+4 more
7 metrics
Maximum Tender Amount
$50,000,000 aggregate principal amount
Maximum amount of notes Pitney Bowes offered to purchase for cash across both series
Total Notes Tendered
$46,467,050 aggregate principal amount
Notes validly tendered and not validly withdrawn as of the September 18, 2026 Expiration Time
2043 Notes Tendered and Accepted
$40,765,050 principal amount
6.70% Notes due 2043 validly tendered and accepted for payment
2037 Notes Tendered and Accepted
$5,702,000 principal amount
5.250% Medium-Term Notes due 2037 validly tendered and accepted for payment
2043 Notes Outstanding Before Tender
$349,278,625 principal amount
Aggregate principal amount of 6.70% Notes due 2043 outstanding prior to the tender offers
2037 Notes Outstanding Before Tender
$31,143,000 principal amount
Aggregate principal amount of 5.250% Medium-Term Notes due 2037 outstanding prior to the tender offers
Tender Offers Expiration Time
5:00 p.m. New York City time, September 18, 2026
Deadline for valid tenders under the Pitney Bowes cash tender offers
Key Terms
Tender Offer, Offer to Purchase, Acceptance Priority Level, Dealer Manager, +2 more
6 terms
Tender Offer financial
"offers to purchase for cash (each offer a “Tender Offer” and collectively"
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.
Offer to Purchase financial
"pursuant to the settlement procedures described in the Offer to Purchase, dated"
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.
Acceptance Priority Level financial
"Aggregate Principal Amount Outstanding (1) | Acceptance Priority Level | Principal"
Dealer Manager financial
"BofA Securities served as Dealer Manager for the Tender Offers."
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 and Tender Agent financial
"Global Bondholder Services Corporation served as the Information Agent and Tender Agent"
Regulation FD regulatory
"public disclosure requirements of Regulation FD and shall not be deemed"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Pitney Bowes (PBI) announce regarding its cash tender offers?
Pitney Bowes announced the expiration and results of cash tender offers to purchase up to $50,000,000 aggregate principal amount of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037, and stated it accepted for payment all notes validly tendered.
How much principal did Pitney Bowes (PBI) notes holders tender in total?
Holders tendered a total of $46,467,050 aggregate principal amount of notes that were validly tendered and not validly withdrawn as of the expiration of the tender offers at 5:00 p.m. New York City time on September 18, 2026.
How much of the 6.70% Notes due 2043 did Pitney Bowes (PBI) accept?
Pitney Bowes received and accepted $40,765,050 in aggregate principal amount of its 6.70% Notes due 2043, all of which were validly tendered and not validly withdrawn by the expiration time.
How much of the 5.250% Medium-Term Notes due 2037 did Pitney Bowes (PBI) accept?
The company received and accepted $5,702,000 in aggregate principal amount of its 5.250% Medium-Term Notes due 2037, representing all such notes that were validly tendered and not validly withdrawn.
What was the maximum tender amount in Pitney Bowes (PBI) offers?
The tender offers covered up to $50,000,000 aggregate principal amount of notes, defined as the “Maximum Tender Amount,” which Pitney Bowes stated could be increased or decreased by the company under the terms of the tender offers.
When did the Pitney Bowes (PBI) tender offers expire?
The tender offers for the Pitney Bowes notes expired at 5:00 p.m., New York City time, on September 18, 2026, which the company defined as the Expiration Time for the offers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
