Last checked at 17 Aug 2012 07:00
Unisys Corporation Announces Pricing of Public Offering of Senior Notes
BLUE BELL, Pa., Aug. 17, 2012 -- Unisys Corporation ("Unisys" or the "Company") announced today that it has priced an offering of $210,000,000 of senior notes (the "Notes"). The Notes will have a coupon of 6.25% and will mature on August 15, 2017. Interest on the Notes will be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2013. The closing is expected to occur on August 21, 2012, subject to customary closing conditions.
Unisys intends to use the net proceeds from this offering to redeem all of the Company's outstanding 12 3/4% senior secured notes due 2014, including payment of accrued interest and premium.
Citigroup Global Markets Inc. is serving as book-running manager for the offering.
The Company has filed a preliminary prospectus supplement with the Securities and Exchange Commission in connection with the offering. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The offering of the Notes is made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Citigroup Global Markets Inc., Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York, New York 11220, or by calling (877) 858-5407.
About Unisys Unisys Corporation is a worldwide information technology company. Unisys provides a portfolio of IT services, software, and technology that solves critical problems for clients. Unisys specializes in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, the Company brings together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With approximately 22,500 employees, Unisys serves commercial organizations and government agencies throughout the world.
Forward-Looking Statements Any statements contained in this release that are not historical facts are forward- looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, any projections of earnings, revenues, or other financial items; any statements of the Company's plans, strategies or objectives for future operations; statements regarding future economic conditions or performance; and any statements of belief or expectation. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. There can be no assurance that the offering will be completed. Risks and uncertainties that could affect the Company's future results include the Company's ability to drive profitable growth in consulting and systems integration; the Company's ability to take on, successfully implement and grow outsourcing operations; market demand for the Company's high-end enterprise servers and maintenance on those servers; the potential adverse effects of aggressive competition in the information services and technology marketplace; the Company's ability to retain significant clients; the Company's ability to effectively anticipate and respond to volatility and rapid technological change in its industry; the adverse effects of global economic conditions, acts of war, terrorism or natural disasters; the Company's significant pension obligations and potential requirements to make significant cash contributions to its defined benefit pension plans; the success of the Company's program to reduce costs, focus its global resources and simplify its business structure; the risk that the Company's contracts may not be as profitable as expected or provide the expected level of revenues and that contracts with U.S. governmental agencies may subject it to audits, criminal penalties, sanctions and other expenses and fines; the risk that the Company may face damage to its reputation or legal liability if its clients are not satisfied with its services or products; the risk that breaches of data security could expose the Company to legal liability and could harm its business and reputation; the performance and capabilities of third parties with whom the Company has commercial relationships; the risks of doing business internationally when more than half of the Company's revenue is derived from international operations; the Company's ability to access capital and credit markets to address its liquidity needs; the potential for infringement claims to be asserted against the Company or its clients; the possibility that pending litigation could affect the Company's results of operations or cash flow; the business and financial risk in implementing future dispositions or acquisitions; and the Company's ability to use its U.S. federal net operating loss carryforwards and other tax attributes. Additional discussion of factors that could affect the Company's future results is contained in its periodic filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements.
RELEASE NO.: 0816/9123
Unisys is a registered trademark of Unisys Corporation. Any other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
SOURCE Unisys Corporation
CONTACT: Investor Contact: Niels Christensen, +1-215-986-6651, Niels.Christensen@unisys.com; Media Contact: Jim Kerr, +1-215-986-5795, Jim.Kerr@unisys.com