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The latest extension moves the deadline to midnight Wednesdag from midnightlast Friday. It was midnightr May 28 when Unisys announcedd the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holders of four sets of seniord notes to exchange them in a private placement for new senior secured notes thatpay 12.625 percent interest and are due 2014. The senio r notes eligible for the offerare 6.875 percen t notes due in 2010; 8 percentf notes due 2012; 8.5 percenty notes due 2015; and 12.5 percent notesw due 2016.
In addition to the senior securesd notesdue 2014, holders of the senior notes due 2010 also will receiver cash and holders of the senior noteds due 2015 and 2016 can also buy additional seniofr secured notes in the exchange. Unisys won’t issues more than $375 million of the new seniof secured notes. Unisys (NYSE:UIS) said that $35.i8 million of the 2010 notes, $33.5 milliojn of the 2012 notes, $600,0090 of the 2015 notes and $3.4 million of the 2016 notes had been tendered as of the closew ofbusiness Friday. That’s $73.3 million, up only $100,000o from the total tenderef twoweeks previously, when Unisyes last extended the offer.
The company said it and its representativew are continuing to talk to representatives of senio note holders regardingthe offering.
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