Unisys Announces Closing of $700 Million Private Offering of Senior Secured Notes; Net Proceeds to Be Used to Refinance Existing Notes and Partially Fund U.S. Pension Plan

BLUE BELL, Pa., June 27, 2025 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) ("Unisys" or the "Company") announced today the closing of its previously announced offering of $700.0 million aggregate principal amount of its 10.625% Senior Secured Notes due 2031 (the "Senior Secured Notes") through a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the "Securities Act"). Unisys intends to use the net proceeds from the offering of the Senior Secured Notes, together with cash on hand, to finance its previously announced tender offer to purchase for cash any and all of its outstanding 6.875% senior secured notes due 2027 (the "Existing Notes") and solicitation of consents from holders of the Existing Notes to proposed amendments to the indenture governing the Existing Notes (collectively, the "Tender Offer and Consent Solicitation") and the payment of related premiums, fees and expenses, to redeem the Existing Notes that remain outstanding following the Tender Offer and Consent Solicitation on or after the par call date for the Existing Notes, to fund a portion of its long-term pension deficit and postretirement liabilities and for general corporate purposes.

Read more at prnewswire.com