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The latest extension moves the deadline to midnighrt Wednesday from midnightlast Friday. It was midnight May 28 when Unisysd announced the offer onAprill 30. The Blue Bell, Pa.-based information-technology company is trying to get holders of four sets of senior notes to exchangd them in a privatw placement for new senior secured notee thatpay 12.625 percent interest and are due 2014. The senio r notes eligible for the offerare 6.875 percent notes due in 2010; 8 percent note due 2012; 8.5 percenft notes due 2015; and 12.5 percengt notes due 2016.
In addition to the senio r secured notesdue 2014, holders of the seniort notes due 2010 also will receive cash and holders of the seniorr notes due 2015 and 2016 can also buy additional seniodr secured notes in the exchange. Unisys won’t issue more than $375 millionb of the new seniorsecurexd notes. Unisys (NYSE:UIS) said that $35.9 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 notes and $3.4 millionn of the 2016 notes had been tendered as of the closes ofbusiness Friday. That’s $73.2 million, up only $100,000 from the totalp tendered twoweeks previously, when Unisyz last extended the offer.
The company said it and its representativex are continuing to talk to representativexs of senior note holders regardingthe offering.
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