Company: UIS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000746838-25-000008
Chunk: 130

Company: UNISYS CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 130
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2 in the fair value hierarchy. Presented below are the estimated fair values of long-term debt.As of December 31,202420236.875% senior secured notes due November 1, 2027$471.3 $437.5 The company’s principal sources of liquidity are cash on hand, cash from operations and its Amended and Restated ABL Credit Facility, discussed below. The company and certain international subsidiaries have access to uncommitted lines of credit from various banks.At December 31, 2024, the company had met all covenants and conditions under its various lending agreements. The company expects to continue to meet these covenants and conditions through at least the next twelve months.

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Maturities of long-term debt, including finance leases, in each of the next five years and thereafter are as follows:YearTotalLong-Term DebtFinance Leases2025$5.0 $4.5 $0.5 20264.0 3.3 0.7 2027483.2 482.5 0.7 20280.8 0.1 0.7 20290.2 — 0.2 Total$493.2 $490.4 $2.8 Cash paid for interest and capitalized interest expense was as follows: Year ended December 31,202420232022Cash paid for interest$35.4 $35.5 $36.5 Capitalized interest expense$4.5 $5.7 $5.1 Senior Secured Notes due 2027The company has outstanding $485.0 million aggregate principal amount of its 6.875% Senior Secured Notes due 2027 (the 2027 Notes). The 2027 Notes pay interest semiannually on May 1 and November 1 and will mature on November 1, 2027, unless earlier repurchased or redeemed. The 2027 Notes are fully and unconditionally guaranteed on a senior secured basis by Unisys Holding Corporation, Unisys NPL, Inc. and Unisys AP Investment Company I, each of which is a U.S. corporation that is directly or indirectly owned by the company (the subsidiary guarantors). The 2027 Notes and the related guarantees rank equally in right of payment with all of the existing and future senior debt of the company and its subsidiary guarantors and senior in right of payment to any future sub