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Pitney Bowes Announces Final Results Of Cash Tender Offers For Notes

Stocks in this article: PBI

Pitney Bowes Inc. (NYSE:PBI) (the “Company,” “us” or “Pitney Bowes”) today announced the final results for its previously announced cash tender offers (the “Offers”) for its 4.875% Medium-Term Notes due 2014 (the “2014 Notes”), 5.000% Notes due 2015 (the “2015 Notes”) and 4.750% Medium-Term Notes due 2016 (the “2016 Notes” and, together with the 2014 Notes and the 2015 Notes, the “Notes”).

The Company had previously accepted for purchase $148,446,000 principal amount of the 2014 Notes, $124,496,000 principal amount of the 2015 Notes and $128,814,000 principal amount of the 2016 Notes, which had been validly tendered and not validly withdrawn in the Offers as of 5:00 p.m. (New York City time) on March 11, 2013 (the “Early Tender Time”). Payment for all Notes accepted for purchase thereby was made on March 12, 2013 (the “Early Settlement Date”).

As of the expiration of the Offers at 11:59 p.m. (New York City time) on March 25, 2013 (the “Expiration Time”), $150,430,000 principal amount of the 2014 Notes, of which $1,984,000 were tendered after the Early Tender Time (the “Later Tender 2014 Notes”), $125,121,000 principal amount of the 2015 Notes, of which $625,000 were tendered after the Early Tender Time (the “Later Tender 2015 Notes”), and $129,086,000 principal amount of the 2016 Notes, of which $272,000 were tendered after the Early Tender Time (the “Later Tender 2016 Notes” and, together with the Later Tender 2014 Notes and the Later Tender 2015 Notes, the “Later Tender Notes”), were validly tendered and not validly withdrawn in the Offers.

The Offers were made pursuant to an Offer to Purchase, dated February 26, 2013 (the “Offer to Purchase”) and related Letter of Transmittal, dated February 26, 2013 (the “Letter of Transmittal”), which set forth a description of the terms and conditions of the Offers.

Subject to the terms and conditions of the Offers, the Company will accept for purchase all of the Later Tender Notes validly tendered and not validly withdrawn pursuant to the Offers at or prior to the Expiration Time. Payment for the Later Tender Notes accepted for purchase is expected to be made on March 26, 2013 (the “Final Settlement Date”).

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