Resolution Will Pave the Way for Completion of GEC Exit by End of 2024
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it has reached an agreement in principle (the "Agreement in Principle") with DRF Logistics LLC ("DRF") (f/k/a the Global Ecommerce segment) to resolve ongoing disputes with the official committee of unsecured creditors (the "Committee"). The Committee is tasked with representing the interests of all creditors asserting unsecured claims against DRF and its affiliated debtor.