Pitney Bowes Reprices $585 Million Term Loan B

09:27 AM EDT, 09/30/2026 (MT Newswires) -- Pitney Bowes (PBI) said Wednesday it has repriced a $585 million Term Loan B due March 2032, lowering the interest rate margin by 75 basis points. The margin over the Secured Overnight Financing Rate was cut to 300 basis points from 375 basis points, with the repricing expected to reduce annual interest expense by about $4 million, the company said. The repricing follows the recently completed tender offer for the 6.70% notes due 2043 and 5.25% medium-term notes due 2037, which retired more than $46 million of debt at a discount to par, Pitney Bowes said.