Company: UIS
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000746838-25-000030
Chunk: 22

Company: UNISYS CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 22
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 30, 2024, primarily driven by cash contributions to the company's defined benefit pension plans, including a discretionary contribution of $250 million to its U.S. defined benefit pension plans.

Cash used for investing activities during the nine months ended September 30, 2025 was $21.6 million compared to cash used for investing activities of $54.0 million during the nine months ended September 30, 2024. Net proceeds of foreign exchange forward contracts were $37.0 million for the nine months ended September 30, 2025 compared with net proceeds of $5.2 million in the prior-year period. Proceeds from foreign exchange forward contracts and purchases of foreign exchange forward contracts represent derivative financial instruments used to reduce the company’s currency exposure to market risks from changes in foreign currency exchange rates. During the third quarter of 2025, the company ceased its use of foreign currency forward contracts. In the current period, the investment in marketable software was $36.1 million compared with $36.7 million in the prior-year period and capital additions of properties and other assets were $22.4 million compared with $22.2 million in the prior-year period.

Cash provided by financing activities during the nine months ended September 30, 2025 was $188.1 million compared to cash used for financing activities of $13.7 million during the nine months ended September 30, 2024, primarily driven by the net proceeds received from the issuance of the 2031 Notes, partially offset by the repurchase, satisfaction and discharge of the 2027 Notes, both of which are described below.

At September 30, 2025, total debt was $734.9 million compared to $493.2 million at December 31, 2024. The increase in total debt as of September 30, 2025, is primarily due to the issuance of the 2031 Notes, partially offset by the repurchase, satisfaction and discharge of the 2027 Notes.

Senior Secured Notes due 2031

In June 2025, the company completed a private placement offering of $700.0 million aggregate principal amount of the 2031 Notes. The 2031 Notes will pay interest semiannually on January 15 and July 15, commencing on January 15, 2026. The 2031 Notes are fully and unconditionally guaranteed on a senior secured basis by Unisys Holding Corporation, Unisys AP Investment Company I and Un