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Unisys to Exchange Approximately $130 Million of Convertible Notes for Stock and Cash

Aug 05, 2019 - Targeted News Service

Unisys issued the following news release:

Unisys Corporation (NYSE: UIS) announced today that on August 2, 2019, the company entered into separate, privately negotiated exchange agreements pursuant to which it will (i) issue an aggregate of 10,593,930 shares of its common stock, par value $0.01 per share ("Common Stock"), and (ii) pay cash in an aggregate amount of $59,399,450, such cash amount to include $3,061,635 of accrued and unpaid interest on the exchanged 2021 Notes (as defined bel...