PBI - Pitney Bowes Inc.

Wheeler Financial From Pitney Bowes Helps Thoroughbred Diagnostic Labs Secure Funding for New Laboratory Screening Technology

Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services, today announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Thoroughbred Diagnostic Labs. The company will invest in new laboratory testing equipment to extend the screening services it delivers to its clients.

Pitney Bowes Inc. -- Moody's affirms Pitney Bowes' Ba2 CFR, assigns Ba1 to proposed term loan and downgrades senior notes to Ba3; outlook stable

Moody's Investors Service ("Moody's") affirmed Pitney Bowes Inc.'s ("Pitney Bowes") Ba2 Corporate Family Rating ("CFR") and Ba2-PD Probability of Default Rating ("PDR"). Moody's also assigned a Ba1 rating to Pitney Bowes' proposed $900 million term loan and downgraded ratings on existing senior unsecured notes to Ba3.

Edited Transcript of PBI earnings conference call or presentation 5-Nov-19 1:00pm GMT

Q3 2019 Pitney Bowes Inc Earnings Call

Pitney Bowes Inc. -- Moody's announces completion of a periodic review of ratings of Pitney Bowes Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Pitney Bowes Inc. New York, November 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Pitney Bowes Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Sahara Parent, Inc. -- Moody's says Syncsort's revised term loan pricing is credit negative; ratings unaffected

Moody's Investors Service (Moody's) said that Sahara Parent, Inc.'s (Syncsort) announcement of higher pricing on its first lien term loan is a credit negative because it significantly weakens the company's future free cash flow and leaves the company with no room for any execution missteps associated with the carve-out and integration of Software Solutions' business from Pitney Bowes. There is no change to Syncsort's existing ratings, including the B3 Corporate Family Rating, or the stable outlook. Headquartered in Pearl River, New York, Syncsort is a global software company specializing in Big Data, high-speed sorting products, data protection, data quality and integration software and services, for mainframe, power systems and open system environments to enterprise customers.

Mailing services firm Pitney Bowes says it suffered malware attack, shares down

[video]Pitney Bowes Shares Close Higher After Company Discloses Malware Attack

E-commerce and shipping solutions provider Pitney Bowes acknowledged a cyberattack but said critical data wasn't compromised.

Worldwide Parcel Volume To Hit 200 Billion By 2025: Pitney Bowes

Worldwide parcel deliveries will hit 200 billion a year by 2025, more than doubling 2018 totals, with business-to- consumer (B2C) and business-to-business (B2B) shipping expected to show healthy gains, according to Pitney Bowes, Inc.'s (NYSE: PBI) global parcel index released October 10. Global shipping volume is expected to surpass 100 billion parcels by the end of 2020 across the 13 countries that were surveyed, Pitney said. China remained the volume leader last year, handling 51 billion parcels domestically and internationally, four times that of the United States.

Starfish Holdco, LLC -- Moody's affirms Starfish Holdco's ratings following Pitney Bowes' Software Solutions business acquisition; outlook stable

Rating Action: Moody's affirms Starfish Holdco's ratings following Pitney Bowes' Software Solutions business acquisition; outlook stable. Global Credit Research- 02 Oct 2019. New York, October 02, 2019-- ...

Starfish Holdco, LLC -- Moody's says Syncsort's acquisition of Pitney Bowes' software solutions business materially increases scale, but will likely increase leverage

Moody's Investors Service ("Moody's") said that Starfish Holdco, LLC's (dba "Syncsort", B3 stable) announcement that it will acquire the software solutions business of Pitney Bowes Inc. for $700 million in cash, has no immediate effect on the company's ratings or outlook. Moody's expects that in addition to the sponsor equity contribution, Syncsort will raise a significant amount of additional debt to fund this transaction, which will be credit negative.

Pitney Bowes Inc. -- Moody's says Pitney Bowes' debt repayment with proceeds from $700 million sale of Software Solutions business is credit positive

Moody's Investors Service (Moody's) said that Pitney Bowes Inc. ("Pitney Bowes", Ba2 stable) recently announced plans to sell its Software Solutions segment for $700 million in cash with the majority of net proceeds being applied to repay near term debt maturities. The pending debt repayment, which we expect will be roughly $600 million, is credit positive and better positions Pitney Bowes to refinance remaining near term debt maturities.