Pitney Bowes prices $200M convertible senior note offering

Pitney Bowes (PBI) announced the pricing of its private offering of $200 million aggregate principal amount of 1.50% convertible senior notes due 2030 in a private placement under the Securities Act of 1933, as amended. 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). The initial conversion price of the Convertible Notes represents a premium of approximately 27.5% to the $11.18 closing price of the Company’s common stock on the New York Stock Exchange on August 5, 2025.