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Unisys calls all remaining 14¼% notes due 2015, 12½% notes due 2016
By Tali David
Minneapolis, Feb. 24 - Unisys Corp. called all of the remaining $25.5 million of its 14¼% senior secured notes due 2015 and $40 million of its 12½% senior notes due 2016, the company announced in its annual report.
The notes will be redeemed on March 2, and the company said it expects to recognize a charge of about $7 million of "other income (expense) net" in the first quarter of 2012 in connection with the redemptions.
Unisys is a Blue Bell, Pa.-based information technology services, software and technology company.
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