Pitney Bowes Repays $75 Million in Senior Secured Notes to Oaktree Capital Management

Pitney Bowes Inc., a leading technology company providing commerce solutions in the areas of shipping, mailing, and financial services, today announced a significant move in its financial operations. The company revealed that it has repaid an additional $75 million of the $275 million in senior secured notes issued by Oaktree Capital Management, L.P. These notes, referred to as the “Oaktree Notes,” were initially issued on December 20, 2024. Prior to this recent repayment, the remaining balance on the Oaktree Notes stood at $172.25 million.

This repayment marks another step forward in Pitney Bowes’ strategic plan to strengthen its financial position by deleveraging the balance sheet. Notably, this action follows a previous repayment of $100 million that was announced on November 19, 2024. The repayment of the $75 million was funded using cash reserves the company had on hand.

Looking ahead, Pitney Bowes anticipates providing further updates in the near future regarding its plans for retiring the remaining portion of the Oaktree 2028 Notes. By proactively managing its financial obligations and reducing debt, Pitney Bowes aims to enhance its financial flexibility and operational resilience in the future.

As part of regulatory requirements, Pitney Bowes signed off on this financial move via official documentation. Lauren Freeman-Bosworth, the Executive Vice President, General Counsel, and Corporate Secretary of Pitney Bowes Inc., formally authorized the report. The filing was signed on behalf of the company on December 20, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Pitney Bowes’s 8K filing here.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.