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Pitney Bowes Inc. (NYSE:PBI) announced on Friday that it has amended its existing credit agreement to increase the total commitments under its revolving credit facility by $135 million, bringing the aggregate amount to $400 million. The revolving credit facility is set to mature in March 2028. The move comes as the company, currently valued at $2.09 billion, manages its debt position of $2.02 billion with a current ratio of 0.76.
According to a press release statement included in a filing with the U.S. Securities and Exchange Commission, the amendment was executed on August 29, 2025. The agreement involves Pitney Bowes, certain subsidiaries, a group of lenders and issuing banks, and Bank of America, N.A., as the administrative agent.
The expanded facility is part of the company’s ongoing financial strategy. The company stated that the amendment provides additional incremental commitments under the existing credit arrangement, which was originally dated February 7, 2025.
Pitney Bowes’ common stock and 6.70% notes due 2043 are listed on the New York Stock Exchange under the symbols NYSE:PBI and NYSE:PBI.PRB, respectively.
The company noted that the full text of the amendment is attached as an exhibit to the SEC filing.
In other recent news, Pitney Bowes reported its Q2 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.27, falling short of the forecasted $0.28, and reported revenue of $462 million, below the anticipated $476.21 million. Additionally, Pitney Bowes completed a $230 million offering of 1.50% convertible senior notes due 2030, which included $30 million in additional notes purchased by initial buyers. The company received approximately $221.4 million in net proceeds from this offering. A portion of these proceeds, around $24.7 million, will fund capped call transactions, while $61.9 million will be used to repurchase shares of its common stock. Prior to this completion, Pitney Bowes had announced the pricing of a $200 million private offering of similar notes, with expectations of generating approximately $192.4 million in net proceeds. These recent developments indicate active financial maneuvers by the company in the convertible notes market.
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