By Paul A. Harris
St. Louis, Mo., Dec. 14 - Unisys Corp. priced $150 million of three-year senior notes (Ba1/BB+) Friday at 97.981 to yield 8%, according to syndicate sources.
"Price talk was 7½% area," a syndicate official commented, adding: "We backed it up a little to accommodate for the Treasury market."
The off-the-shelf offering of non-callable notes came via bookrunner Salomon Smith Barney. Joint lead was Banc of America Securities and the syndicate also included BNY Capital Markets, Deutsche Banc Alex. Brown, HSBC, PNC Capital Markets, RBS Securities and Wachovia Securities.
| Issuer: | Unisys Corp.
|
| Amount: | $150 million
|
| Maturity: | Jan. 15, 2005
|
| Type: | Senior notes
|
| Bookrunner: | Salomon Smith Barney
|
| Lead manager: | Banc of America Securities
|
| Coupon: | 7¼%
|
| Price: | 97.981
|
| Yield: | 8%
|
| Spread: | 419 basis points over 5 5/8% Treasury due November 2004
|
| Call features: | Non-callable
|
| Equity claw: | None
|
| Settlement date: | Dec. 19 (flat)
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB+
|
| Cusip: | 909214BG2
|
|
|
| End
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
