Rochester, NY 7/7/2009 1:41:52 PM
End of Day Report - UIS - UIS gives up on one liability swap and proposes one more - Sourced WhisperFromWallStreet.com
UNISYS CP
End of Day Report - UIS - UIS gives up on one liability swap and proposes one more - Sourced WhisperFromWallStreet.com
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UNISYS CP,UIS
After Hours: 1.71 Up 0.06 (3.64%) 5:56pm ET
Unisys Corp. has replaced one private debt exchange offer with another.The Blue Bell, Pa.-based information-technology company said late Tuesday it has terminated the offer that was to have expired tonight after having been extended three times. In that, it was trying to get holders of four series of senior notes with a total face value of $1.06 billion, and due beginning next year, to exchange them in a private offer for new senior secured notes that would have paid 12.625 percent interest and been due in 2014.
About
Unisys Corporation operates as an information technology (IT) company worldwide. The company?s Services segment designs, builds, and manages IT systems; and provides outsourcing, systems integration and consulting, infrastructure, and core maintenance services. In outsourcing, the company manages a customer?s data centers and end-user environments, as well as specific business processes, such as check processing, insurance claims processing, health claims processing, mortgage administration, citizen registry, and cargo management. In systems integration and consulting, it designs and develops solutions for specific industries, such as check processing systems, public welfare systems, airline reservations, and communications messaging solutions.
Last Trade: 1.65
Day's Range: 1.61 - 1.72
52wk Range: 0.28 - 4.29
Volume: 5,457,246
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