Pitney Bowes Inc. (OTCMKTS:PBOWN) Files An 8-K Other Events

Pitney Bowes Inc. (OTCMKTS:PBOWN) Files An 8-K Other Events

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ITEM 8.01. OTHER EVENTS

On March 16, 2017, Pitney Bowes Inc. (the Company) filed a
registration statement on Form S-3 (No. 333-216744) (the
Registration Statement) with the Securities and Exchange
Commission for the registration of the debt securities, preferred
stock, preference stock, common stock, purchase contracts,
depositary shares, warrants and units of the Company. The
Registration Statement and the prospectus contained within are
collectively referred to as the Prospectus.
On May 4, 2017, the Company filed a final prospectus supplement,
dated May 3, 2017, to the Prospectus, relating to the issuance of
its 3.875% Notes due 2022 (the Notes) in an aggregate principal
amount of $400,000,000. The net proceeds from the sale of the
Notes will be used, together with cash on hand, to repay the
Companys $150 million term loan due June 2017 and the $385
million aggregate principal amount of the Companys 5.75% notes
due September 2017.
The Company agreed to sell the Notes to the Underwriting
Agreement, dated as of May 3, 2017 (the Underwriting Agreement),
and the Pricing Agreement, dated as of May 3, 2017 (the Pricing
Agreement), by and among the Company and Goldman Sachs Co. LLC,
HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, as the
representatives for the several underwriters. Copies of the
Underwriting Agreement and the Pricing Agreement are filed as
Exhibit 1.1. The foregoing summary does not purport to be
complete and is qualified in its entirety by reference to the
Underwriting Agreement and the Pricing Agreement.
The underwriters and their respective affiliates are full service
financial institutions engaged in various activities, which may
include securities trading, commercial and investment banking,
financial advisory, investment management, investment research,
principal investment, hedging, financing and brokerage
activities. The underwriters and their affiliates have provided,
and in the future may continue to provide, investment banking,
financial advisory and other financial services to us in the
ordinary course of business for which they have received and will
receive customary compensation. Affiliates of certain of the
underwriters are lenders under the Companys committed credit
facility of $1.0 billion.
An affiliate of MUFG Securities Americas Inc., one of the
underwriters participating in the offering, is the lender under
the Companys $150 million term loan being repaid with a portion
of the net proceeds from the offering, and will receive a portion
of those net proceeds.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit Number
Description of Exhibit
1.1
Underwriting Agreement and Pricing Agreement


About Pitney Bowes Inc. (OTCMKTS:PBOWN)

Pitney Bowes Inc. is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company’s business is organized around three sets of solutions, which include small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). Its DCS business includes Software Solutions and Global Ecommerce segments. Its Others segment consists of Imagitas. The Company markets products and services through sales force, direct mailings, telemarketing, independent dealers and distributors and Web channels. It sells products to business, governmental, institutional and other organizations.

Pitney Bowes Inc. (OTCMKTS:PBOWN) Recent Trading Information

Pitney Bowes Inc. (OTCMKTS:PBOWN) closed its last trading session 00.00 at 253.00 with shares trading hands.

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