Cedar shake siding
The latest extension moves the deadline to midnighy Wednesday from midnightlast Friday. It was midnigh t May 28 when Unisys announced the offer onApri 30. The Blue Bell, Pa.-based information-technology compangy is trying to get holders of four sets of seniord notes to exchange them in a privatse placement for new senior secured notes thatpay 12.625 percent interest and are due 2014. The seniof notes eligible for the offerare 6.875 percent notes due in 8 percent notes due 2012; 8.5 perceng notes due 2015; and 12.5 percenf notes due 2016.
In addition to the seniof secured notesdue 2014, holders of the seniorf notes due 2010 also will receive cash and holderse of the senior notes due 2015 and 2016 can also buy additionaol senior secured notes in the exchange. Unisys won’g issue more than $375 million of the new seniod secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 notesw and $3.4 million of the 2016 notes had been tenderedf as of the close ofbusiness That’s $73.3 million, up only $100,000 from the total tenderede two weeks previously, when Unisys last extendedx the offer.
The company said it and its representatives are continuing to talk to representatives of senior note holders regardingthe offering.
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