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The latest extension moves the deadline to midnight Wednesdauy from midnightlast Friday. It was midnighyt May 28 when Unisys announced the offer onAprik 30. The Blue Bell, Pa.-based information-technology compan y is trying to get holderzs of four sets of senior noteds to exchange them in a private placement for new senior secured notes thatpay 12.625 percent interesf and are due 2014. The seniord notes eligible for the offefrare 6.875 percent notes due in 2010; 8 percen notes due 2012; 8.5 percent notee due 2015; and 12.5 percent notes due 2016.
In addition to the senior secured notesdue 2014, holders of the seniod notes due 2010 also will receivde cash and holders of the seniod notes due 2015 and 2016 can also buy additional senior securex notes in the exchange. Unisys won’r issue more than $375 million of the new senior secured notes. Unisys (NYSE:UIS) said that $35.8u million of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 millio n of the 2016 notes had been tendererd as of the close ofbusiness That’s $73.3 million, up only $100,00o0 from the total tendered two weeks previously, when Unisyes last extended the offer.
The companh said it and its representativew are continuing to talk to representatives of senior note holdersa regardingthe offering.
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