Unisys tender offer secures 98.98% of 6.875% Notes; enters supplemental indenture eliminating covenants

UNISYS CORP

$480M of $485M notes tendered (98.98%); early settlement June 27 at $1,006.25 per $1,000 principal plus accrued interest.
Supplemental indenture eliminates substantially all restrictive covenants and releases collateral; remaining notes subject to same amendments.
Company used portion of $700M 10.625% senior secured notes due 2031 to fund indenture satisfaction and discharge; untendered notes to be redeemed Nov 1, 2025.
Remaining holders may tender until July 11, 2025 for $976.25 per $1,000 plus accrued interest; final settlement expected July 14.
BofA Securities is dealer manager; Global Bondholder Services is tender agent.

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