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Unisys Corporation Announces Extension of Expiration Date for Private Debt Exchange Offer and Concurrent Private Notes Offering.

Publication: Business Wire
Publication Date: 12-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BLUE BELL, Pa. -- Unisys Corporation (NYSE:UIS) announced today that the expiration date in respect of its previously announced private offer to exchange its 6 7/8% Senior Notes due 2010 (the "2010 Notes"), 8% Senior Notes due 2012 (the "2012 Notes"), 8 1/2% Senior Notes due 2015 (the "2015 Notes") and 12 1/2% Senior Notes due 2016 (the "2016 Notes" and, collectively with the 2010 Notes, 2012 Notes and 2015 Notes, the "Senior Notes") in a private placement for new 12 5/8% Senior Secured Notes due 2014 (the "New Secured Notes") to be issued by Unisys Corporation ("Unisys" or the "Company") has been extended until Midnight, New York City time, on June 26, 2009, unless terminated or further extended. As previously announced, concurrently with the exchange offer Unisys is privately offering New Secured Notes (the "Concurrent Notes Offering") to eligible holders of the 2015 Notes and the 2016 Notes.

The Company and its representatives continue to be in discussions with representatives of...

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