Unisys Corporation
Unisys Announces Completion of Tender Offer for 8 1/8% Notes
Unisys Corporation (NYSE:UIS) announced today that its previously announced
tender offer and consent solicitation for its $400 million 8 1/8% senior notes
due 2006 expired Friday, October 7, 2005, at 5:00 p.m., New York City time (the
'Expiration Date'). As of the Expiration Date, holders had tendered $342.1
million aggregate principal amount of notes, of which $339.8 million were
tendered on or prior to September 15, 2005 (the 'Consent Date').
Holders who validly tendered their notes after the Consent Date but on or prior
to the Expiration Date will receive $1,005.65 for each $1,000 principal amount
of notes, plus accrued and unpaid interest up to, but not including, the payment
date. Unisys said it made payment for the $2.3 million of notes tendered
following the Consent Date today. After this payment, $57.9 million in aggregate
principal amount of the 8 1/8% notes remain outstanding.
Citigroup Global Markets Inc. and Banc of America Securities LLC were the
exclusive dealer managers and solicitation agents for the tender offer and
consent solicitation. Questions regarding the tender offer and consent
solicitation can be directed to Citigroup Global Markets Inc., Liability
Management Group at 800-558-3745 (toll free) or 212-723-6106 (collect) or Banc
of America Securities LLC, High Yield Special Products at 888-292-0070 (toll
free) or 704-388-9217 (collect).
This release is not an offer to purchase or a solicitation of acceptance of the
offer to purchase the 8 1/8% notes.
About Unisys
Unisys is a worldwide information technology services and solutions company. Our
people combine expertise in consulting, systems integration, outsourcing,
infrastructure and server technology with precision thinking and relentless
execution to help clients in more than 100 countries quickly and efficiently
achieve competitive advantage. 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. A discussion of factors that could affect
the company's future financial 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.:1011/8583
http://www.unisys.com/about__unisys/news_a_events/10118583.htm
Unisys is a registered trademark of Unisys Corporation. All other brands and
products referenced herein are acknowledged to be trademarks or registered
trademarks of their respective holders.
CONTACT: Unisys Corporation
Media Contacts:
Guy Esnouf, 215-986-2472
Guy.Esnouf@unisys.com
or
Jacqueline Lewis, 610-715-1155
Jacqueline.Lewis@unisys.com
or
Investor Contact:
Jim Kerr, 215-986-5795
Jim.Kerr@unisys.com
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