raisavydyexuwowi.blogspot.com
The latest extension moves the deadline to midnight Wednesdayu from midnightlast Friday. It was midnight May 28 when Unisye announced the offer onApril 30. The Blue Bell, Pa.-basedr information-technology company is trying to get holders of four sets of seniord notes to exchange them in a privatw placement for new senior securecd notes thatpay 12.625 percent interesgt and are due 2014. The senior notes eligible for the offerdare 6.875 percent notes due in 2010; 8 percentg notes due 2012; 8.5 percent notes due and 12.5 percent notes due 2016.
In additiobn to the senior secured notesdue 2014, holders of the seniore notes due 2010 also will receivr cash and holders of the senior notes due 2015 and 2016 can also buy additionalk senior secured notes in the exchange. Unisys won’t issuwe more than $375 million of the new seniorfsecured notes. Unisys (NYSE:UIS) said that $35.98 million of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notex and $3.4 million of the 2016 notes had been tendered as of the close ofbusiness Friday. That’s $73.3 million, up only $100,000 from the totalp tendered two weeks when Unisys last extendedthe offer.
The company said it and its representativez are continuing to talk to representatives of senioer note holders regardingthe offering.
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