Unisys Corporation has announced the successful closing of a $700 million private offering of Senior Secured Notes, with an interest rate of 10.625% due in 2031. The net proceeds from this offering will be used to refinance the company's existing 6.875% senior secured notes due in 2027, partially fund its U.S. pension plan, and support general corporate purposes. CEO Michael Thomson stated that this financial maneuver is a crucial milestone for Unisys, reinforcing its financial position and supporting its long-term strategic goals. The Senior Secured Notes are backed by guarantees from Unisys's domestic subsidiaries and are secured by liens on nearly all of the company's assets.
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