Pitney Bowes plans to price fixed-rate notes in two tranches

By Devika Patel

Knoxville, Tenn., Sept. 7 – Pitney Bowes Inc. intends to offer dollar-denominated fixed rate notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

BofA Merrill Lynch and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used for the company’s planned acquisition of NGS Holdings, Inc., to repay $350 million of 4.75% notes due May 2018 and for general corporate purposes.

The mail processing equipment company is based in Stamford, Conn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.