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Pitney Bowes Inc | 5.25% Notes Due 2022 (PBI.PRA)
Prospectus excerpt: Pitney Bowes is offering $100,000,000 aggregate principal amount of its 5.25% Notes due 2022. Pitney Bowes will pay interest on the notes at a rate equal to 5.25% per year, and will pay such interest quarterly on February 27, May 27, August 27 and November 27 of each year, commencing February 27, 2013. The notes mature on November 27, 2022. However, Pitney Bowes may redeem some or all of the notes at any time on or after November 27, 2015 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 before November 27, 2015 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 premium, as described under ÙDescription of the Notes?Optional Redemptionˆ. 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 holder?s 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 », Secondary Prospectus PDF », PBI Page »
Alternate symbology: | PBI-A, PBI-PA, PBIprA | Redeemable?: | Yes | Call Date: | 11/27/2015 (Now Trading Post Call Date) | Maturity Date: | 11/27/2022 | Cumulative?: | Yes | Shares Offered: | 4,000,000 | Overallotment: | 600,000 | Liquidation Preference: | $25.00 | Original Coupon: | 5.25% | Pay Period: | Quarterly | Pay Dates: | 27-Feb, 27-May, 27-Aug, 27-Nov | CDx3 Compliance Rating: |
Learn PBI.PRA's Rating
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Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services. Co.'s reportable segments are Global Ecommerce, Presort Services and SendTech Solutions. Co.'s Global Ecommerce segment operates various domestic parcel sortation centers connected by a nationwide transportation network, enabling Co. to pick up parcels from retailer distribution centers and move them through its physical network. Co.'s Presort Services segment provides mail sortation services. Co.'s Sending Technology Solutions segment provides with physical and digital mailing and shipping technology solutions and other applications. Preferreds: PBI.PRA, PBI.PRB, PBOWN Open the PBI Information Page »
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Name: |
Pitney Bowes Inc |
Website: |
www.pitneybowes.com |
Sector: |
Office Supplies |
Number of ETFs Holding PBI: |
40 (see which ones) |
Total Market Value Held by ETFs: |
$145,389,644.8 |
Total Market Capitalization: |
$748,000,000 |
% of Market Cap. Held by ETFs: |
19.44% |
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