Pitney Bowes为2亿美元的高级可转换票据定价

2025-08-06 13:10

Pitney Bowes (NYSE:PBI) priced its private offering of $200 million aggregate principal amount of 1.50% convertible senior notes due 2030 in a private placement.
Initial purchasers of the convertible notes have an option to purchase, within a 13-day period up to an additional $30 million aggregate principal amount of the convertible notes.
The sale of the convertible notes and the capped call transactions are expected to close on August 8, 2025.
Net proceeds will be approximately ~$192.4 million (or approximately $221.4 million if the initial purchasers exercise their option to purchase additional convertible notes in full).
The company intends to use ~$21.5 million from the offering to fund the cost of entering into the capped call transactions.
In addition, the company expects to use approximately $61.9 million of the net proceeds to repurchase shares of the company’s common stock concurrently with the pricing of the offering in privately negotiated transactions; any remainder will be used for general corporate purposes and other strategic investments.
The conversion rate will initially be 70.1533 shares of common stock per $1,000 principal amount of convertible notes (equivalent to an initial conversion price of approximately $14.25 per share of common stock)

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