Pitney Bowes Repays $100 Million of Senior Debt as Deleveraging Efforts Continue

MT Newswires Live11-19

Pitney Bowes (PBI) said Tuesday it has repaid $100 million of the senior secured notes issued by Oaktree Capital Management. The outstanding the balance of the notes was $272 million as of Sept. 30, the company said.

The repayment, funded with cash on hand, is part of a previously announced initiative to deleverage its balance sheet, Pitney Bowes said.

"We will have an update in the near-term on our plans to retire the remainder of the Oaktree 2028 notes and continue to look for additional ways to deleverage," Lance Rosenzweig, the company's CEO, said.

Pitney Bowes shares were 1.6% higher in recent trading.

Price: 7.41, Change: +0.12, Percent Change: +1.65

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The outstanding the balance of the notes was $272 million as of Sept. 30, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4143","symbol_name":"办公服务与用品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484925290","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484925290","pubTimestamp":1732029168,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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