Unisys Announces Completion of Redemption of $84.5 Million of its 12.5% Senior
Notes Due 2016 and Call of Remaining $26.1 Million of Those Notes
BLUE BELL, Pa., Aug. 28, 2012 -- 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 Unisys
Unisys 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.
RELEASE NO.: 0827/9127
Unisys is a registered trademark of Unisys Corporation. Any other brands and
products referenced herein are acknowledged to be trademarks or registered
trademarks of their respective holders.
SOURCE Unisys Corporation
CONTACT: Investor Contact: Niels Christensen, +1-215-986-6651,
Niels.Christensen@unisys.com, or Media Contact: Jim Kerr, +1-215-986-5795,
Jim.Kerr@unisys.com
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