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    Matt Swope

    Managing Director and High Yield Corporate Bond Analyst at Robert W. Baird & Co

    Matt Swope is a Managing Director and High Yield Corporate Bond Analyst at Robert W. Baird & Co., specializing in research and strategic insights across the Technology, Media, and Telecom (TMT) sector. He covers a range of high-yield corporate issuers in these industries, providing analysis that supports credit investment decisions and portfolio management strategies, and is recognized for his expertise in distressed debt and credit-based investing. Swope began his career with WR Huff Asset Management, moved on to co-found Washington Corner Capital Management, and later headed Desk Analysis and TMT research at Gleacher & Company before joining Baird in 2013. He holds the Chartered Financial Analyst (CFA) designation, an MBA in Finance from NYU Stern, and is a FINRA-registered broker.

    Matt Swope's questions to PITNEY BOWES INC /DE/ (PBI) leadership

    Matt Swope's questions to PITNEY BOWES INC /DE/ (PBI) leadership • Q2 2025

    Question

    Matt Swope of Robert W. Baird & Co. questioned the rationale behind recent management changes, the expected tenure of the new CEO and CFO, whether the CEO was selling personal shares into the buyback, and the strategy for refinancing debt and future leverage levels.

    Answer

    CEO Kurt Wolf and CFO Paul Evans addressed the questions, stating the CFO change was an opportunity to bring in exceptional talent with a strong working history. Both executives affirmed their long-term commitment to their roles. Wolf confirmed no recent personal share sales had been filed. Regarding capital structure, Evans noted they are evaluating all options for refinancing the 2027 notes, while Wolf added they would be comfortable with leverage above 3.0x in the future, but only after gaining the market's confidence.

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