8511ysu.blogspot.com
The latest extension moves the deadline to midnight Wednesdagy from midnightlast Friday. It was midnight May 28 when Unisyss announced the offer on April 30. The Blue Pa.-based information-technology company is trying to get holdere of four sets of senior notes to exchangre them in a private placement for new senioe secured notes thatpay 12.625 percenyt interest and are due 2014. The seniod notes eligible for the offedrare 6.875 percent notes due in 2010; 8 percenf notes due 2012; 8.5 percent note s due 2015; and 12.5 percent notess due 2016.
In addition to the senior securesd notesdue 2014, holdersw of the senior notes due 2010 also will receive cash and holderw of the senior notes due 2015 and 2016 can also buy additionakl senior secured notes in the Unisys won’t issue more than $375 millionm of the new senior secured Unisys (NYSE:UIS) said that $35.8 millionn of the 2010 notes, $33.5 millionm of the 2012 notes, $600,0000 of the 2015 notes and $3.4 millioj of the 2016 notes had been tenderer as of the close of businesx Friday. That’s $73.3 million, up only $100,000 from the totapl tendered twoweeks previously, when Unisyds last extended the offer.
The company said it and its representativez are continuing to talk to representatives of senior note holderws regardingthe offering.
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