Workflow
Pitney Bowes(PBI) - 2024 Q4 - Annual Results
Pitney BowesPitney Bowes(US:PBI)2025-02-11 21:17

Debt Management and Refinancing - The company will redeem the remaining $96.6 million principal amount of its senior secured notes due March 2028, along with a redemption premium of approximately $4.8 million, funded with cash on hand[4] - The company plans to launch a syndication of a proposed senior secured term loan B facility in an aggregate principal amount of up to $615 million to extend maturity to 2032[7] - The company plans to refinance its existing secured revolving credit facility and term loan A facility with a new three-year $265 million secured revolving credit facility and three-year $160 million term loan A facility[7] Financial Performance and Guidance - The company expects to report full year 2024 financial results within its previously announced revenue guidance range and beat Adjusted EBIT guidance[5]