08:47 AM EDT, 08/11/2025 (MT Newswires) -- Pitney Bowes ( PBI ) said Monday it has completed its $230 million in private placement offering of 1.50% convertible senior notes due 2030, which included $30 million of notes under the option granted to purchase additional notes.

The company said it has received net proceeds of about $221.4 million. About $24.7 million of the proceeds will be used to fund the cost of entering into capped call transactions, while about $61.9 million of the proceeds will be used to repurchase common shares in privately negotiated transactions.

The remaining proceeds will be used for general corporate purposes and other strategic investments.