PreferredStockChannel
Pitney Bowes Inc | 6.70% Notes Due 2043 (PBI.PRB)

Prospectus excerpt:  Pitney Bowes is offering $375,000,000 aggregate principal amount of its 6.70% Notes due 2043. Pitney Bowes will pay interest on the notes at a rate equal to 6.70% per year and will pay such interest quarterly on March 7, June 7, September 7 and December 7 of each year, commencing June 7, 2013. The notes mature on March 7, 2043. However, Pitney Bowes may redeem some or all of the notes at any time or from time to time on or after March 7, 2018 at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest, if any, on the notes to be redeemed to the date of redemption. Pitney Bowes may redeem some or all of the notes at any time or from time to time before March 7, 2018 at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest, if any, on the notes to be redeemed to the date of redemption, plus a make-whole amount, if any, as described under ˘Description of the Notes¨Optional Redemption÷. If a change of control triggering event occurs, unless we have exercised our option to redeem the notes, we will be required, subject to certain exceptions, to make an offer to each holder of notes to repurchase all or any part of that holderĂs notes for cash equal to 101% of the principal amount of notes to be repurchased, plus accrued and unpaid interest, if any, on the notes to be repurchased to the date of repurchase.

Full Prospectus PDF », PBI Page »

Alternate symbology:PBI-B, PBI-PB, PBIprB
Redeemable?:Yes
Call Date:3/7/2018 (Now Trading Post Call Date)
Maturity Date:3/7/2043
Cumulative?:Yes
Shares Offered:15,000,000
Overallotment:2,000,000
Liquidation Preference:$25
Recent Market Price:$24.81
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.19 (-0.76%)
Annualized Dividend:1.675
Recent Ex-Date:11/19/2021
Current Yield:6.75%
Original Coupon:6.70%
Pay Period:Quarterly
Pay Dates:7-Mar, 7-Jun, 7-Sep, 7-Dec
CDx3 Compliance Rating: Learn PBI.PRB's Rating
Pitney Bowes is a technology company, engaged in providing commerce solutions. Co.'s reportable segments are The Commerce Services and Sending Technology Solutions. The Commerce Services reporting group comprises Global Ecommerce and Presort Services. Co.'s Commerce Services group includes domestic parcel services, cross-border solutions, digital delivery services and mail sortation services. The Commerce Services group includes the Global Ecommerce and Presort Services segments. Co.'s Sending Technology Solutions provides its clients sending technology solutions for physical and digital mailing, shipping, supplies and other applications.

Preferreds: PBI.PR, PBI.PRA, PBI.PRB


Open the PBI Information Page »
Name: 
Pitney Bowes Inc
Website: 
www.pb.com
Sector: 
Office Supplies
Number of ETFs Holding PBI: 
45 (see which ones)
Total Market Value Held by ETFs: 
$232,198,369
Total Market Capitalization: 
$1,203,000,000
% of Market Cap. Held by ETFs: 
19.30%

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