Pitney Bowes extends credit facilities to 2031, adds stepped-down leverage covenants

Filed May 19, 2026 · Period ending May 18, 2026 · ~1 min read

Key Changes

• high

  Extended $450M revolving credit facility and $152M Term Loan A maturity to May 2031, reducing near-term refinancing risk without changing outstanding balances.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  New financial covenants require 2.00x interest coverage, 3.00x secured leverage cap, and total leverage stepping down from 4.75x (2026) to 4.00x (2029+), tested quarterly.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Fitch Ratings initiated coverage with BB- corporate rating (stable outlook), BB+ on senior secured debt, and BB- on senior unsecured bonds.

  Exhibit 99.1 verify on EDGAR →