Company: UIS
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001104659-25-063658
Chunk: 2

Company: UNISYS CORP
Filing Date: 2025-06-27
Form: 8-K
Item: Item 1.01
Chunk 2
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 Indenture), it must offer to purchase the Notes at 101% of the principal amount of the Notes, plus accrued
and unpaid interest, if any. In addition, if Unisys sells assets under certain circumstances it must apply the proceeds towards an offer
to repurchase Notes at a price equal to par plus accrued and unpaid interest, if any.

The Indenture also provides for events of default,
which, if any of them occurs, would permit or require the principal, premium, if any, interest and any other monetary obligations on all
the then outstanding Notes to be due and payable immediately.

Amended and Restated Security Agreement

In connection with the issuance of the Notes, Unisys,
the Subsidiary Guarantors and the Collateral Trustee, entered into an Amended and Restated Security Agreement (the “ A& R Security
Agreement”) that, among other things, creates a security interest in the Collateral for the benefit of the holders of the Notes.

Amended and Restated Collateral Trust Agreement

In connection with the issuance of the Notes, Unisys,
the Subsidiary Guarantors, the Trustee and the Collateral Trustee also entered into an Amended and Restated Collateral Trust Agreement
(the “ A& R Collateral Trust Agreement”) that sets forth the terms upon which the Collateral Trustee receives, holds, administers,
maintains, enforces and distributes the proceeds of the Collateral held by the Collateral Trustee in trust for the benefit of the present
and future holders of the Notes and certain other secured obligations.

Amendment to Amended and Restated ABL Credit Facility

Contemporaneously with the issuance of the Notes,
Unisys, the Subsidiary Guarantors, lenders from time to time party thereto (“ Lenders”) and Bank of America, N. A., as administrative
agent on behalf of the Lenders (“ Administrative Agent”), entered into an amendment of the Company’s secured revolving
credit facility (the “ Amendment”) that provided for consent to the Notes and the terms of the Indenture, extended the maturity
date of the secured revolving credit facility from October 2027 to June 2030 and modified certain other terms and covenants. The secured
revolving credit facility continues to provide for loans and letters of credit up to an aggregate amount of $125.0 million (with an initial
limit on letters of credit of $40.0 million), with an