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The latest extension moves the deadline to midnight Wednesday from midnighlast Friday. It was midnight May 28 when Unisysd announced the offer onApril 30. The Blue Bell, Pa.-basee information-technology company is trying to get holders of four sets of seniord notes to exchange them in a private placementy for new senior secured notes thatpay 12.625 percent interesty and are due 2014. The senior notes eligiblwe for the offerare 6.875 percent notes due in 2010; 8 percent notes due 8.5 percent notes due 2015; and 12.5 percent noted due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receivde cash and holders of the senior notesz due 2015 and 2016 can also buy additionalk senior secured notes in the Unisys won’t issue more than $375 million of the new seniord secured notes. Unisys (NYSE:UIS) said that $35.8 millioj of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 million of the 2016 note s had been tendered as of the close ofbusinesws Friday. That’s $73.
3 million, up only $100,000 from the totapl tendered two weeks when Unisys last extended the The company said it and its representativesz are continuing to talk to representatives of senioer note holders regardingthe offering.
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