Pitney Bowes reprices $585 million term loan B to SOFR+300 bps from SOFR+375 bps
PBI•Pitney Bowes cut the interest margin on its $585 million Term Loan B due March 2032 by 75 basis points, to 300 basis points over SOFR from 375 basis points. The transaction closed Sept. 29, 2026, and is expected to lower annual interest expense by about $4 million.
1. Loan repricing
Pitney Bowes repriced its $585 million Term Loan B due March 2032, reducing the interest margin over SOFR to 300 basis points from 375 basis points. No other terms changed. The transaction closed Sept. 29, 2026, and is expected to lower annual interest expense by about $4 million.
