Pitney Bowes Inc 8-K, filed Dec 20, 2024
Pitney Bowes Inc (PBI)
About this 8-K
Pitney Bowes Inc filed this 8-K on December 20, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| 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.
1
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
2