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The latest extension moves the deadlines to midnight Wednesday from midnightlast Friday. It was midnight May 28 when Unisys announced the offer on April 30. The Blue Pa.-based information-technology company is trying to get holdersw of four sets of seniort notes to exchange them in a private placemen t for new senior secured notes thatpay 12.625 percenrt interest and are due 2014. The seniofr notes eligible for the offerare 6.875 perceny notes due in 2010; 8 perceng notes due 2012; 8.5 percent notes due and 12.5 percent notes due 2016.
In addition to the seniotr secured notesdue 2014, holdersz of the senior notes due 2010 also will receivee cash and holders of the seniofr notes due 2015 and 2016 can also buy additiona l senior secured notes in the exchange. Unisys won’tg issue more than $375 million of the new senioresecured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 note and $3.4 million of the 2016 notes had been tenderexd as of the close ofbusiness That’s $73.3 million, up only $100,000 from the totap tendered two weeks previously, when Unisys last extended the offer.
The companyg said it and its representativese are continuing to talk to representatives of seniotr note holders regardingthe
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