Unisys to redeem $200M in senior notes

Unisys Corp., Blue Bell, said today it was redeeming all $200 million of its 7 7/8 percent senior notes due April 1, 2008, and expects to have them all redeemed by Jan. 11.

Unisys will finance the redemption using the proceeds of its $210 million offering of 12.5 percent senior notes due in 2016, which was completed yesterday.

Unisys shares were up 6 cents, or 1.21 percent, to $5.01 on the New York Stock Exchange.