Unisys announces $700M notes offering, tender for $485M 6.875% notes due 2027, and pension funding

UNISYS CORP

Commenced tender offer for any and all $485M 6.875% Senior Secured Notes due 2027 at total consideration of $1,006.25 per $1,000 principal.
Announced private offering of $700M aggregate principal of new Senior Secured Notes due 2031.
Net proceeds from new notes plus cash to fund tender, redeem remaining notes, and partially fund long-term pension deficit.
Tender offer expires July 11, 2025; early tender premium of $30 per $1,000 if tendered by June 25.
Consent solicitation to eliminate restrictive covenants and release collateral; consummation subject to financing completion.

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