Vinson & Elkins Advises Pitney Bowes in $1.04 Billion Refinancing of Term and Revolving Credit Facilities
Vinson & Elkins represented Pitney Bowes Inc. (“PBI”), as borrower, and its subsidiaries, in a $1,040,000,000 refinancing of their previous term and revolving facilities.
PBI is a technology-driven company that provides shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. The Credit Agreement incorporates Term Loan A, Term Loan B and Revolving Credit Facilities. The proceeds of the facilities will be used to repay existing debt and for their continued operation in the global shipping and logistics sector.
The Vinson & Elkins team was led by partners David Wicklund and Caitlin Turner and counsel Noelle Alix, with assistance from associates Hayley Johnson and Mateo Camacho. Other key team members included partner Lucy Jenkins and associate Robin Wallich; partner Wendy Salinas and counsel Lauren Meyers; counsel Rajesh Patel and senior associate Haley Titcomb; trainee solicitor Joe Brown.
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