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Pitney Bowes to redeem remaining $300 million of August 2014 bonds
By Tali David
Minneapolis, Oct. 2 - Pitney Bowes Inc. plans to redeem the remaining $300 million of its August 2014 bonds, the company announced in a press release.
The bonds will be repurchased with proceeds from the sale of its Management Services business to funds affiliated with Apollo Global Management, LLC, which was completed on Oct. 1.
Pitney Bowes is a Stamford, Conn.-based provider of postage equipment and services.
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