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The latest extension movesz the deadline to midnight Wednesday from midnight last It was midnight May 28 when Unisysx announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holdersz of four sets of senior noted to exchange them in a private placement for new seniot secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percentr notes due in 2010; 8 percent notese due 2012; 8.5 percent notesd due 2015; and 12.5 percenf notes due 2016.
In addition to the seniorr secured notesdue 2014, holders of the senior notes due 2010 also will receive cash and holders of the seniot notes due 2015 and 2016 can also buy additionapl senior secured notes in the Unisys won’t issue more than $375 million of the new seniorf secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,00 of the 2015 notes and $3.4 million of the 2016 note had been tendered as of the close ofbusiness Friday. That’ss $73.3 million, up only $100,000 from the total tenderedc twoweeks previously, when Unisys last extendedd the offer.
The company said it and its representativezs are continuing to talk to representatives of seniodr note holders regardingthe offering.
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