Unisys Closes Sale of U.S. Federal Business to SAIC
Unisys Corporation New (UIS)
Last unisys corporation new earnings: 5/2 04:01 pm
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Source: PR Newswire
BLUE BELL, Pa., March 16, 2020 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced the close of the sale of the company's U.S. Federal business to Science Applications International Corp. (NYSE: SAIC). Net proceeds from the transaction, which the company announced on February 6, are largely expected to be used to pay down debt and reduce pension obligations, thereby significantly improving Unisys' balance sheet and cash flow profile, U.S. pension funded status and overall financial flexibility. Related to this, the company also announced that it has issued a notice of redemption to redeem all $440 million in aggregate principal amount of its outstanding 10.750% Senior Secured Notes due 2022. Pro forma for the transaction, the company's net leverage (inclusive of pension deficit) has been reduced from 4.3x 2019 Adj. EBITDA(1) pre-transaction to 2.4x on a pro forma basis. "The transaction ushers in a more agile Unisys," said Unisys Chairman and CEO Peter Altabef. "The improve
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- Unisys Corporation (NYSE:UIS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
UIS
Earnings
- 5/7/24 - Beat
UIS
Sec Filings
- 6/3/24 - Form 4
- 5/30/24 - Form SC
- 5/20/24 - Form 4
- UIS's page on the SEC website