debt
confidence high
sentiment neutral
materiality 0.80
Unisys closes $700M 10.625% senior secured notes offering for refinancing and pension funding
UNISYS CORP
- $700M aggregate principal of 10.625% Senior Secured Notes due 2031 closed on June 27, 2025.
- Net proceeds to refinance existing 6.875% notes due 2027 via tender offer and consent solicitation.
- Proceeds also to partially fund U.S. pension plan deficit and postretirement liabilities.
- ABL credit facility amended: $125M commitments, maturity extended from Oct 2027 to June 2030.
- Notes secured by liens on substantially all assets of Unisys and subsidiary guarantors.
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