Business
Unisys Announces Cash Tender Offer and Consent Solicitation for Any and All of Its Outstanding 6.875% Senior Secured Notes Due 2027
Unisys Corporation (NYSE: UIS) ("we," "us," "our" or the "Company") today announced that it has commenced a tender offer (the "Tender Offer") to purchase for cash any and all of the Company's outstanding 6.875% Senior Secured Notes due 2027 (the "Notes").
About this update from Unisys Corporation New
[{"type":"text","content":"BLUE BELL, Pa., June 11, 2025 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) ("we," "us," "our" or the "Company") today announced that it has commenced a tender offer (the "Tender Offer") to purchase for cash any and all of the Company's outstanding 6.875% Senior Secured Notes due 2027 (the "Notes").","length":365,"tagName":"p"},{"type":"image","alt":"Unisys Logo (PRNewsfoto/Unisys Corporation)","displaySize":"","headline":null,"caption":"Unisys Logo (PRNewsfoto/Unisys Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":97,"url":"https://media.zenfs.com/en/prnewswire.com/5cc2e9fd536d1882c0c76bc631e54d7f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7s7PuGMLsnRw0TseJiC14Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5cc2e9fd536d1882c0c76bc631e54d7f","width":400,"height":97}},"href":"https://mma.prnewswire.com/media/2301438/Unisys_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with the Tender Offer, the Company is also soliciting consents (the "Consents") from registered holders (each, a "Holder" and, collectively, the "Holders") of the Notes (the "Consent Solicitation") to proposed amendments (the "Proposed Amendments") to the indenture governing the Notes (the "Indenture") to eliminate substantially all restrictive covenants and certain events of default applicable to the Notes, release the collateral securing the notes, and modify certain other provisions contained in the Indenture.","length":592,"tagName":"p","attribs":{}},{"type":"text","content":"The Company is seeking to concurrently (i) amend its existing amended and restated asset-based revolving credit facility (the "ABL Credit Facility") and (ii) issue up to $700 million aggregate principal amount of its Senior Secured Notes due 2031 subject to market and other conditions ((i) and (ii) together, the "Financing Transaction"). The Company expects to use a portion of the net proceeds from the Financing Transaction, together with cash on hand, to pay the applicable consideration (as described below) for all tendered Notes, plus accrued interest and all related fees and expenses. The Financin...