Issue of Debt
Unisys Corporation Announces Public Offering of Senior Notes
BLUE BELL, Pa., Aug. 16, 2012 -- Unisys Corporation ("Unisys" or the "Company")
(NYSE: UIS) announced today that it has commenced a public offering of
$210,000,000 of senior notes (the "Notes"). Actual terms of the notes,
including interest rate and final principal amount, will depend on market
conditions at the time of pricing.
Unisys intends to use the net proceeds from this offering to redeem all of the
Company's outstanding 12 3/4% 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 offering will be made under the Company's existing shelf registration
statement filed with the Securities and Exchange Commission. 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.
About Unisys
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.
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. Forward-looking statements include, but are not limited to,
any projections of earnings, revenues, or other financial items; any statements
of the Company's plans, strategies or objectives for future operations;
statements regarding future economic conditions or performance; and any
statements of belief or expectation. 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. There can be no
assurance that the offering will be completed. Risks and uncertainties that
could affect the Company's future results include the Company's ability to
drive profitable growth in consulting and systems integration; the Company's
ability to take on, successfully implement and grow outsourcing operations;
market demand for the Company's high-end enterprise servers and maintenance on
those servers; the potential adverse effects of aggressive competition in the
information services and technology marketplace; the Company's ability to
retain significant clients; the Company's ability to effectively anticipate and
respond to volatility and rapid technological change in its industry; the
adverse effects of global economic conditions, acts of war, terrorism or
natural disasters; the Company's significant pension obligations and potential
requirements to make significant cash contributions to its defined benefit
pension plans; the success of the Company's program to reduce costs, focus its
global resources and simplify its business structure; the risk that the
Company's contracts may not be as profitable as expected or provide the
expected level of revenues and that contracts with U.S. governmental agencies
may subject it to audits, criminal penalties, sanctions and other expenses and
fines; the risk that the Company may face damage to its reputation or legal
liability if its clients are not satisfied with its services or products; the
risk that breaches of data security could expose the Company to legal liability
and could harm its business and reputation; the performance and capabilities of
third parties with whom the Company has commercial relationships; the risks of
doing business internationally when more than half of the Company's revenue is
derived from international operations; the Company's ability to access capital
and credit markets to address its liquidity needs; the potential for
infringement claims to be asserted against the Company or its clients; the
possibility that pending litigation could affect the Company's results of
operations or cash flow; the business and financial risk in implementing future
dispositions or acquisitions; and the Company's ability to use its U.S. federal
net operating loss carryforwards and other tax attributes. Additional
discussion of factors that could affect the Company's future results is
contained in its periodic filings with the Securities and Exchange Commission.
The Company assumes no obligation to update any forward-looking statements.
RELEASE NO.: 0816/9122
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; Media Contact: Jim Kerr, +1-215-986-5795,
Jim.Kerr@unisys.com