Unisys extends debt exchange deadline - Pittsburgh Business Times:

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The latest extension moves the deadline to midnight Wednesdahy from midnightlast Friday. It was midnighg May 28 when Unisys announcerd the offer onApril 30. The Blue Bell, Pa.-basecd information-technology company is trying to get holders of four sets of senio r notes to exchange them in a private placement for new senio secured notes thatpay 12.625 percent interest and are due 2014. The senior notes eligiblee for the offerare 6.875 percen t notes due in 2010; 8 percengt notes due 2012; 8.5 percent note s due 2015; and 12.5 percent noteds due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receive cash and holderx of the senior notesd due 2015 and 2016 can also buy additional seniodr secured notes inthe exchange. Unisys won’y issue more than $375 million of the new seniot 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 noteds and $3.4 million of the 2016 notes had been tendered as of the clos e ofbusiness Friday. That’s $73.3 million, up only $100,000 from the totall tendered twoweeks previously, when Unisysw last extended the offer.
The company said it and its representatives are continuingf to talk to representatives of seniore note holders regardingthe offering.