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The latest extension moves the deadline to midnight Wednesday from midnighflast Friday. It was midnight May 28 when Unisysa announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holders of four sets of seniofr notes to exchange them in a privatre placement for new senior secured notes thatpay 12.625 percenf interest and are due 2014. The seniotr notes eligible for the offerare 6.875 percenr notes due in 2010; 8 percent notes due 2012; 8.5 percent notes due 2015; and 12.5 percent notes due 2016.
In addition to the senior securec notesdue 2014, holders of the senior notezs due 2010 also will receive cash and holderss of the senior notes due 2015 and 2016 can also buy additiona senior secured notes in the Unisys won’t issue more than $375 milliob of the new senior secured notes. Unisys (NYSE:UIS) said that $35.8i million of the 2010 notes, $33.5 milliojn of the 2012 notes, $600,0009 of the 2015 noteds and $3.4 million of the 2016 notes had been tenderedc as of the closse ofbusiness Friday. That’s $73.
3 up only $100,000 from the total tendered two weeks when Unisys last extended the The company said it and its representatives are continuinb to talk to representativess of senior note holderas regardingthe offering.
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