Financing ·
Pitney Bowes reduces margin on its $585.5M Term Loan B by 75 basis points to lower annual interest expense
PBIPitney Bowes Inc
Pitney Bowes Inc. amended its Credit Agreement on September 29, 2026, to reduce the interest rate margin on its $585.5 million Term Loan B by 75 basis points. The applicable margin over SOFR decreased from 3.75% to 3.00%, while Base Rate margins were adjusted to 2.00%. This repricing is expected to lower annual interest expense by approximately $4 million, with no changes to the loan's maturity date or other terms. The transaction follows S&P Global Ratings' upgrade of the company’s issuer credit rating to ‘BB-’ and a series of debt retirement actions that have reduced annualized interest costs by roughly $13 million. Pitney Bowes Inc. operates in the technology sector, providing digital shipping solutions, mailing innovation, and financial services globally.