BLUE BELL, PA — Unisys Corporation (NYSE: UIS) has completed the issuance of $700 million in 10.625% Senior Secured Notes, marking an important financial milestone for the company. The offering, finalized on June 27, aims to strengthen Unisys’ financial stability while supporting its strategic goals.
The proceeds from this offering will be used for multiple purposes, including the refinancing of Unisys’ existing 6.875% senior secured notes due in 2027. The funds will also facilitate the management of the company’s pension deficit and other postretirement liabilities, as well as support general corporate needs.
“This closing of Senior Secured Notes offering is a significant milestone for Unisys, as it allows us to refinance our Existing Notes, partially fund our U.S. pension plan, and strengthen our financial position,” said Michael Thomson, CEO and president of Unisys. “By taking these proactive steps, we are paving the way to execute our long-term goals. We remain committed to delivering innovative solutions to our clients and creating value for all our stakeholders.”
The notes, due in 2031, are guaranteed by key domestic subsidiaries and secured by liens on Unisys’ assets, ensuring robust support for the company’s obligations. This comprehensive financial structure reflects Unisys’ intent to maintain flexibility while fulfilling its current commitments.
The issuance aligns with Unisys’ broader financial strategy to enhance operational efficiency and reduce liabilities. The successful completion of this transaction demonstrates investor confidence in the company’s roadmap and strengthens its capacity to deliver innovative services to its global clients.
Unisys remains focused on solidifying its financial foundation while driving growth and innovation across its business activities.
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