• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Announcement of Results of Cash Tender Offers and Election to Have an Early Settlement for Variable Term Voting Preferred Stock Issued by Pitney Bowes International Holdings, Inc.

Posted on: Thursday, 15 October 2009, 17:45 CDT

STAMFORD, Conn., Oct. 15 /PRNewswire/ -- Today, Pitney Bowes International Holdings, Inc. ("PBIH") announced that, as of 5:00 p.m., New York City time, October 15, 2009 (the "Early Tender Date"), 100% of the securities have been tendered in connection with its previously announced cash tender offers (the "Offers"). The terms and conditions of the Offers are described in detail in the Offer to Purchase dated September 30, 2009 and the related Letter of Transmittal, as amended by the press release dated October 13, 2009.

Aggregate Aggregate Amount Amount CUSIP Number Title of Security(1) Outstanding(2) Tendered ------------ ------------------------ -------------- ---------- 724481502 Variable Term Voting 700 Units 700 Units Preferred Stock, Series A 724481601 Variable Term Voting 650 Units 650 Units Preferred Stock, Series B 724481700 Variable Term Voting 650 Units 650 Units Preferred Stock, Series C 724481882 Variable Term Voting 1,000 Units 1,000 Units Preferred Stock, Series D (1) The liquidation preference for each Series of Securities is $100 per share. (2) Each Unit consists of 1,000 variable term voting preferred shares.

PBIH has elected to accept tendered Securities early, and the Total Consideration (as defined in the Offer to Purchase) will be payable on October 16, 2009.

BofA Merrill Lynch and Deutsche Bank Securities Inc. have been retained to serve as dealer managers for the Offers. Global Bondholder Services Corporation is acting as the Depositary and Information Agent.

For additional information regarding the terms of the Offers please contact: BofA Merrill Lynch at: (888) 292-0070 (toll free) or (646) 855-3401 (collect) or Deutsche Bank Securities Inc. at (866) 627-0391 (toll free) or (212) 250-2955 (collect). Requests for documents and questions regarding the tendering of Securities may be directed to Global Bondholder Services Corporation at (866) 952-2200 (toll free) or (212) 430-3774 (collect).

The obligation of PBIH to accept any Securities tendered and to pay the applicable consideration for them is set forth solely in the Offer to Purchase and related Letter of Transmittal. This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The offers to purchase the Securities are only being made pursuant to the Offer to Purchase and related Letter of Transmittal that PBIH distributed to holders of Securities. The Offers are not being made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Pitney Bowes Inc.

Pitney Bowes is a $6.3 billion global technology leader whose products, services and solutions deliver value within the mailstream and beyond. For more information about the company, its products, services and solutions, visit www.pitneybowes.com.

About Pitney Bowes International Holdings, Inc.

PBIH and its subsidiaries market and sell a variety of mailing systems, solutions and services to customers in the United Kingdom and Canada, as well as certain countries in Europe, Asia, South and Central America, the Middle East and Africa. Through its financial services businesses, PBIH also provides lease financing for its products to customers in many of the countries in which it operates. The principal executive offices of PBIH are located at 801 N. West Street, 2nd Floor, Wilmington, Delaware 19801.

Forward-looking Information

This press release may include forward-looking statements of PBIH. These forward-looking statements are not statements of historical fact but rather reflect PBIH's current expectations, estimates and predictions about future results and events. These statements may use words such as "should," "likely," "target," "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to PBIH or its management. When PBIH makes forward-looking statements, they are based on its management's beliefs and assumptions, using information currently available to PBIH. These forward-looking statements are subject to risks, uncertainties and assumptions, discussed in the Offer to Purchase. PBIH undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, developments or otherwise. If one or more of these or other risks or uncertainties materialize, or if PBIH's underlying assumptions prove to be incorrect, actual results may vary materially from what PBIH projected. Any forward-looking statements of PBIH you read in this press release, reflect PBIH's current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to PBIH's operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to PBIH or individuals acting on PBIH's behalf are expressly qualified in their entirety by this section.

SOURCE Pitney Bowes International Holdings, Inc.

Source: PR Newswire

More News in this Category