|
Issuer / Guarantor
|
Pitney Bowes Inc
|
|
Size
|
USD 230mn
|
|
Type
|
Convertible
|
|
Leads
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Goldman Sachs, BoA, Truist, Citizens JMP Securities
|
|
|
|
|
Maturity
|
15 Aug 2030 (5 years)
|
|
Coupon
|
1.5% (1.25 - 1.75%)
|
|
Premium
|
27.5% (25 - 30%)
|
|
Calls
|
NC3; PC @ 130% w table MW
|
|
Puts
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t/o @ 100%
|
|
Div protection
|
Ratio adjustment (for excess above threshold)
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|
T/o protection
|
Make-whole table
|
|
CoCo
|
130% to May 2030 (4.8 yrs)
|
|
Announced
|
05 Aug 2025
|
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