We advised the representatives of the initial purchasers on the high-yield offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Pitney Bowes Inc. of $150 million aggregate principal amount of its 7.250% senior notes due 2029. The notes are a reopening of the company’s 7.250% senior notes due 2029 issued on March 19, 2021.

Pitney Bowes is a technology-driven products and services company that provides digital shipping solutions, mailing innovation and financial services to clients around the world – including more than 90% of the Fortune 500. Small businesses to large enterprises and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels.

The Davis Polk capital markets team included partner Derek Dostal and associates Cheridan Christnacht and Jonathan P. Trojan-Greenberg. Partner Aliza Slansky and associate Valentin Van de Walle provided tax advice. Counsel Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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