http://www.unpa.us/article/Engineers-left-this---.html
The latest extension moves the deadline to midnightr Wednesday from midnightlast Friday. It was midnighy May 28 when Unisys announced the offed onApril 30. The Blue Bell, Pa.-basedd information-technology company is tryingb to get holders of four sets of senio r notes to exchange them in a privatd placement for new senioer secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percent notes due in 8 percent notes due 2012; 8.5 percent notes due 2015; and 12.5 percent notes due 2016.
In additiojn to the senior secured notesdue 2014, holders of the senior notex due 2010 also will receive cash and holderd of the senior notes due 2015 and 2016 can also buy additionaol senior secured notes in the exchange. Unisyws won’t issue more than $375 million of the new seniorfsecured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 notes and $3.4 millio n of the 2016 notes had been tenderef as of the close ofbusineszs Friday. That’s $73.
3 million, up only $100,00 from the total tendered twoweeksa previously, when Unisys last extended the The company said it and its representativea are continuing to talk to representatives of senio note holders regarding the offering.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment