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Pitney Bowes, Inc., 5.25% Notes due 11/27/2022
Ticker Symbol: PBI-A* CUSIP: 724479407 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/27/2015
Security has been Called for: Friday, November 27, 2015
October 22, 2015 -- Pitney Bowes Inc. today announced its call for redemption of all of its outstanding 5.25% Notes due 2022. The Notes were issued under an indenture between the Company, as issuer, and The Bank of New York Mellon, successor to Citibank, N.A., as trustee dated as of February 14, 2005, as supplemented and amended. The Notes will be redeemed on November 27, 2015 at a price equal to the sum of 100% of the aggregate principal amount of the Notes being redeemed and accrued but unpaid interest on those Notes to the redemption date. As trustee, The Bank of New York Mellon will deliver a notice of redemption to all registered holders of the Notes. Copies of the Notes and the notice of redemption may be obtained by contacting the Company’s Investor Relations department at (203) 351-6349.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Pitney Bowes, Inc., 5.25% Notes due 2022, issued in $25 denominations, redeemable at the issuer's option on or after 11/27/2015 at $25 per note plus accrued and unpaid interest, and maturing 11/27/2022. Interest distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 2/27, 5/27, 8/27 & 11/27 to holders of record on the record date that will be 2/12, 5/12, 8/12 & 11/12 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The notes may be redeemed at the issuer's option at any time before 11/27/2015 at $25 per share, plus accrued and unpaid interest, plus a Make-Whole Amount. If a change of control event occurs, unless the issuer has exercised the option to redeem the notes, the issuer will be required to make an offer to each holder of notes to repurchase all or any part of that holder’s notes for cash equal to 101% of the principal amount of notes, plus accrued and unpaid interest (see the prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (PBI)
IPO - 11/20/2012 - 4.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $102.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: World Headquarters, 1 Elmcroft Road, Stamford, CT 06926 |
| Main Phone Number |
203-356-5000 |
| Fax Number |
203-351-7336 |
| Investor Relations
Charles F. McBride
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203-351-6349
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Toll Free Phone Number |
Unknown |
| CEO - Marc B. Lautenbach |
CFO - Michael Monahan |
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