Pitney Bowes (PBI) amended its Revolving Credit Facility and Term Loan A and extended their maturities to May 2031. The size of the $450M RCF and $152M Term Loan A remain unchanged. Additionally, Fitch Ratings has initiated coverage of Pitney Bowes and assigned the Company a BB- Long-Term Issuer Default Rating with a Stable Outlook. Fitch also assigned issue-level ratings of ‘BB+’ to the Company’s senior secured debt and ‘BB-‘ to its senior unsecured bonds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBI:
- Pitney Bowes Shareholders Back Board, Audit and Pay
- Dell downgraded, Uber upgraded: Wall Street’s top analyst calls
- Pitney Bowes upgraded to Neutral from Underperform at BofA
- Pitney Bowes upgraded to Neutral at BofA amid early turnaround signs
- Pitney Bowes price target raised to $15.20 from $13.70 at Goldman Sachs