Pitney Bowes plans to sell notes through BofA, Mizuho, Morgan Stanley

By Devika Patel

Knoxville, Tenn., Sept. 15 – Pitney Bowes Inc. intends to price an offering of notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes have a make-whole call and then may be redeemed at par plus interest.

BofA Merrill Lynch, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to redeem all 300,000 shares of a subsidiary’s perpetual voting preferred stock for $300 million and for general corporate purposes.

Pitney Bowes is a Stamford, Conn.-based provider of services, including eCommerce shipping and mailing.

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