UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
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| Item 7.01 | Regulation FD Disclosure. |
Pitney Bowes Inc. (the “Company”) today announced it is repaying an additional $75 million of the $275 million in senior secured notes issued by Oaktree Capital Management, L.P. (the “Oaktree Notes”) on December 20, 2024. Prior to the repayment, the balance of the Oaktree Notes was $172.25 million. This repayment follows the repayment of $100 million previously announced on November 19, 2024, and is part of the Company’s previously announced strategic initiative to deleverage its balance sheet. The repayment was funded by cash on hand. The Company anticipates having additional updates in the near-term on our plans to retire the remainder of the Oaktree 2028 Notes.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Pitney Bowes Inc. | ||
| By: | /s/ Lauren Freeman-Bosworth | |
| Name: | Lauren Freeman-Bosworth | |
| Title: | Executive Vice President, General Counsel and Corporate Secretary | |
Date: December 20, 2024
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