Pitney Bowes Announces Extension of Credit Facilities

Key Terms

revolving credit facility financial

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

term loan a financial

Term Loan A is a portion of a company’s syndicated bank loan that is paid down with regular principal installments over a set period, usually carries lower interest and a shorter maturity than other loan tranches. It matters to investors because its scheduled repayments and interest cost affect a company’s cash flow and borrowing needs; heavy near‑term payments can reduce cash available for dividends, investment or increase refinancing risk, much like a mortgage with larger monthly payments limits household flexibility.

senior secured debt financial

Senior secured debt is a loan or bond that has first claim on specific company assets if the company cannot meet its obligations; “senior” means it ranks ahead of other debts and “secured” means it is backed by collateral. Investors care because it usually carries lower risk and lower interest than unsecured debt: in a default holders of senior secured debt are likeliest to recover some money, so this status affects expected returns and safety compared with other claims.

senior unsecured bonds financial

Senior unsecured bonds are loans a company issues to investors that have priority for repayment over other unsecured debts but are not backed by specific assets as collateral. Think of them as a high‑priority IOU: if the company runs into trouble, holders are paid before holders of junior debt but after any creditors who have claims on particular assets, so they offer a mix of relative safety and higher yield than secured or higher‑priority loans.

issuer default rating financial

An issuer default rating is a credit score assigned by a rating agency that expresses how likely a company or government is to miss interest or principal payments on its debt. Investors use it like a reliability grade or weather forecast for credit risk: a higher rating signals lower chance of loss, can make borrowing cheaper, and helps decide whether bonds or debt-linked investments are worth the risk.

form 8-k regulatory

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

forward-looking statements regulatory

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

capital allocation financial

Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.

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Company’s Extension of Revolving Credit Facility and Term Loan A to 2031 Strengthens Liquidity and Financial Flexibility

Follows Fitch Initiating Coverage with a BB- Rating and Stable Outlook

Positive Developments Stem from Company’s Strong Financial Performance and Management’s Continued Focus on Strategic Capital Allocation, Including Leverage Reduction

SHELTON, Conn.--(BUSINESS WIRE)-- Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it has amended its Revolving Credit Facility (“RCF”) and Term Loan A and extended their maturities to May 2031. The size of the $450 million RCF and $152 million Term Loan A remain unchanged.

Additionally, Fitch Ratings, Inc. (“Fitch”) 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.

Kurt Wolf, Chief Executive Officer and Director, commented:

“Thanks to the dedication and focus of our 6,000+ Pitney Bowes team members, we continue to make progress with respect to strengthening our already improved financial position. The extension of our RCF and Term Loan A reflects the continued confidence of our banking partners in Pitney Bowes’ strengthened balance sheet, enhanced operations and strategic direction. Additionally, the credit facility’s amendments give us greater flexibility to allocate capital strategically in a nimble and accretive manner over its five-year term. Fitch’s initiation of coverage with a BB- rating and Stable Outlook provides further validation of the progress we are making to advance our core objectives for 2026 and beyond.”

Additional details regarding the amended facilities will be filed in a Form 8-K with the Securities and Exchange Commission.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. For the latest news, corporate announcements, and financial results, visit www.pitneybowes.com/us/newsroom. For additional information, visit Pitney Bowes at www.pitneybowes.com.

Forward-Looking Statements

This document contains “forward-looking statements” about the Company’s expected capital allocation flexibility and continued progress against strategic objectives expected or potential future business and financial performance. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements are more fully outlined in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2025 and subsequent reports filed with the Securities and Exchange Commission. Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information, events, or developments, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519758934/en/

For Investors:
Alex Brown
investorrelations@pb.com

Source: Pitney Bowes Inc.