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BLUE BELL, Pa.,
Aug. 16, 2012 /PRNewswire/ -- Unisys Corporation ("Unisys" or the "Company") (NYSE: UIS) announced today that it has priced an offering of
$210,000,000 of senior notes (the "Notes"). The Notes will have a coupon of 6.25% and will mature on
August 15, 2017. Interest on the Notes will be payable semi-annually in arrears on
February 15 and
August 15 of each year, commencing on
February 15, 2013. The closing is expected to occur on
August 21, 2012, subject to customary closing conditions.
Unisys intends to use the net proceeds from this offering to redeem all of the Company's outstanding 12 ¾% senior secured notes due 2014, including payment of accrued interest and premium.
Citigroup Global Markets Inc. is serving as book-running manager for the offering.
The Company has filed a preliminary prospectus supplement with the Securities and Exchange Commission in connection with the offering. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The offering of the Notes is made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn,
New York, New York 11220, or by calling (877) 858-5407.
Unisys Corporation is a worldwide information technology company. Unisys provides a portfolio of IT services, software, and technology that solves critical problems for clients. Unisys specializes in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, the Company brings together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With approximately 22,500 employees, Unisys serves commercial organizations and government agencies throughout the world.