Unisys Prices $210 Million of 12.5% Senior Note...
Unisys Corporation
Unisys Corporation (NYSE:UIS) said today that it had priced an offering of $210
million of 12.5% senior notes due 2016. The notes are being sold at 98.719% of
the aggregate principal amount with a yield to maturity of 12.75%. Bear, Stearns
& Co., Banc of America Securities LLC and Citigroup Global Markets Inc. are
joint book-running managers of the offering, which is expected to close on
December 11, 2007, subject to the satisfaction of customary closing conditions.
The company said that it intends to use the net proceeds from the offering to
redeem the $200 million aggregate principal amount of its 7 7/8% senior notes
due 2008 (the '7 7/8% Notes').
A registration statement relating to the offering of 12.5% senior notes has been
filed with the SEC and the notes are being offered only by means of a prospectus
and prospectus supplement. You may obtain an electronic copy of the prospectus
and the final prospectus supplement, when available, from the SEC website at
www.sec.gov. Alternatively, the underwriters will arrange to send you these
documents if you request them by contacting Bear, Stearns & Co. Inc. at 383
Madison Avenue, New York, New York 10179, (866) 803-9204, attention: Prospectus
Department; Banc of America Securities LLC at 100 West 33rd Street, 3rd Floor,
New York, NY 10001, (800) 294-1322, attention: Capital Markets Operations; or
Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, NY 11220, (877) 858-5407, attention: Prospectus Department.
This press release does not constitute an offer to sell or a solicitation of an
offer to buy the 12.5% senior notes, nor shall there be any sale of the 12.5%
senior notes in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Unisys
Unisys is a worldwide information technology services and solutions company. We
provide consulting, systems integration, outsourcing and infrastructure
services, combined with powerful enterprise server technology. We specialize in
helping clients use information to create efficient, secure business operations
that allow them to achieve their business goals. Our consultants and industry
experts work with clients to understand their business challenges and create
greater visibility into critical linkages throughout their operations. For more
information, visit www.unisys.com. Information contained in our web site does
not constitute part of this press release.
Forward-Looking Statements
This release contains statements that do not directly or exclusively relate to
historical facts. These types of statements are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. All
forward-looking statements rely on assumptions and are subject to risks,
uncertainties and other factors that could cause our actual results to differ
materially from expectations. You should read and interpret any forward-looking
statements together with the risk factors contained under the caption 'Risk
Factors' in the prospectus supplement for the offering to which this release
relates and our other SEC filings. Any forward-looking statement speaks only as
of the date on which that statement is made. We will not update any
forward-looking statement to reflect events or circumstances that occur after
the date on which the statement is made.
RELEASE NO: 1206/8839
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.
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CONTACT: Unisys Corporation
Media Contacts:
Jim Kerr, 215-986-5795
jim.kerr@unisys.com
or
Investor Contact:
Jack McHale, 215-986-6050
jack.mchale@unisys.com
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