Company: UIS
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001104659-25-063658
Chunk: 1

Company: UNISYS CORP
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
Chunk 1
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 any time on or after January 15, 2028 at a redemption price determined in accordance with the redemption schedule set forth
in the Indenture, plus accrued and unpaid interest, if any.

Prior to January 15, 2028, Unisys may, at its option,
redeem some or all of the Notes at any time, at a price equal to 100% of the principal amount of the Notes redeemed plus a “make-whole”
premium, plus accrued and unpaid interest, if any. Unisys may also redeem, at its option, up to 40% of the Notes at any time prior to
January 15, 2028, using the proceeds of certain equity offerings at a redemption price of 110.625% of the principal amount thereof, plus
accrued and unpaid interest, if any. On or after January 15, 2028, Unisys may, on any one or more occasions, redeem all or a part of the
Notes at specified redemption premiums, declining to par for any redemptions on or after January 15, 2030. Prior to January 15, 2028,
Unisys may redeem up to 10% of the aggregate principal amount of the Notes during each calendar year, commencing in 2025, at a purchase
price equal to 103% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any.

The Indenture contains covenants that limit the
ability of Unisys and its restricted subsidiaries to, among other things: (i) incur additional indebtedness and guarantee indebtedness;
(ii) pay dividends or make other distributions or repurchase or redeem its capital stock; (iii) prepay, redeem or repurchase certain debt;
(iv) make certain prepayments in respect of pension obligations; (v) issue certain preferred stock or similar equity securities; (vi)
make loans and investments (including investments by Unisys and Subsidiary Guarantors in subsidiaries that are not guarantors); (vii)
sell assets; (viii) create or incur liens; (ix) enter into transactions with affiliates; (x) enter into agreements restricting its subsidiaries’
ability to pay dividends; and (xi) consolidate, merge or sell all or substantially all of its assets. These covenants are subject to several
important limitations and exceptions.

If Unisys experiences certain kinds of changes
of control (as defined in the