Pitney Bowes Inc. Amends Credit Agreement, Redeems 2027 Notes

What Happened
Pitney Bowes Inc. announced an amendment to its Credit Agreement dated June 23, 2026, adding $150 million of incremental Tranche A term loans. The amendment increased total Tranche A borrowings to $302 million as of the amendment date. The incremental loans, used with cash and other liquidity, funded the full redemption of the company’s $347 million aggregate principal amount of 6.875% Senior Notes due March 2027. Bank of America, N.A. serves as administrative agent. The company issued a press release on June 25, 2026, under Regulation FD to disclose the transaction.

Key Details

• Amendment date: June 23, 2026; Credit Agreement originally dated February 7, 2025 (as previously amended).
• Incremental Tranche A term loans: $150.0 million, bringing Tranche A aggregate borrowings to $302.0 million.
• Notes redeemed: $347.0 million aggregate principal of 6.875% Senior Notes due March 2027 (redeemed in full).
• Incremental term loans carry the same maturity and terms as the existing Tranche A term loans under the Credit Agreement.
• Public disclosure: press release dated June 25, 2026 (filed as Exhibit 99.1); Fourth Amendment filed as Exhibit 10.1.

Why It Matters
This transaction changes Pitney Bowes’ debt mix by replacing a publicly traded fixed‑rate note issue with additional borrowings under its bank credit facility. For investors, that means the company increased bank-driven term debt and eliminated the $347M 6.875% notes due in March 2027. Key items for shareholders to note are the new total Tranche A balance, the unchanged terms/maturity of the added loans, and where to find the amendment and press release for full details (Exhibits 10.1 and 99.1 in the 8‑K).