BLUE BELL, Pa., Aug. 27, 2012 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) said that it has completed its previously announced redemption of $84,525,000 of its 12.5% senior notes due 2016. The company also said that it has called for redemption all $26,097,000 of the 12.5% senior notes that remain outstanding. The remaining notes will be redeemed at a redemption price of 106.250% of their principal amount plus accrued and unpaid interest to the redemption date. The redemption will be completed on September 24, 2012.
As previously announced, Unisys has also called for redemption all $183,106,000 of its 12 3/4% senior secured notes due 2014. This redemption will be completed on September 20, 2012.
The company expects to take an aggregate charge of approximately $23 million in the third quarter of 2012 in connection with these redemptions.
About UnisysUnisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize 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, we bring 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. For more information, visit www.unisys.com. Forward-Looking Statements Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, the amount of the anticipated charge related to the redemption of the 12 3/4% senior secured notes due 2014 will depend upon the actual redemption price for those notes, which, in accordance with the terms of the notes, will not be calculated until approximately three business days before the redemption date. A discussion of factors that could affect the company's future results is contained in its periodic filings with the Securities and Exchange Commission. Unisys assumes no obligation to update any forward-looking statements.