Unisys Corp Enters Material Definitive Agreement
Ticker: UIS · Form: 8-K · Filed: Oct 30, 2024 · CIK: 746838
| Field | Detail |
|---|---|
| Company | Unisys Corp (UIS) |
| Form Type | 8-K |
| Filed Date | Oct 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $125.0 m, $155.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: UIS
TL;DR
Unisys just signed a big financial deal, could be good or bad.
AI Summary
Unisys Corporation entered into a Material Definitive Agreement on October 28, 2024, related to a direct financial obligation. The filing details the company's financial commitments and obligations, with specific terms and conditions outlined within the agreement. This event is significant as it pertains to the company's financial structure and future liabilities.
Why It Matters
This filing indicates a significant financial commitment or obligation for Unisys Corporation, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.
Key Players & Entities
- Unisys Corporation (company) — Registrant
- October 28, 2024 (date) — Date of Earliest Event Reported
- Delaware (jurisdiction) — State of incorporation
- 801 Lakeview Drive, Suite 100 (address) — Principal executive address
- Blue Bell, Pennsylvania 19422 (address) — Principal executive address
FAQ
What type of material definitive agreement did Unisys Corporation enter into?
The filing indicates the entry into a Material Definitive Agreement and the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, but the specific nature of the agreement is not detailed in the provided text.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 28, 2024.
Where is Unisys Corporation's principal executive office located?
Unisys Corporation's principal executive office is located at 801 Lakeview Drive, Suite 100, Blue Bell, Pennsylvania 19422.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is Unisys Corporation's IRS Employer Identification Number?
Unisys Corporation's IRS Employer Identification Number is 38-0387840.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-10-30 16:30:53
Key Financial Figures
- $125.0 m — ilable under the ABL Credit Facility to $125.0 million, with an accordion provision allo
- $155.0 million — crease in the ABL Credit Facility up to $155.0 million. The foregoing description of the amen
Filing Documents
- tm2427029d1_8k.htm (8-K) — 26KB
- tm2427029d1_ex10-1.htm (EX-10.1) — 1183KB
- 0001104659-24-112630.txt ( ) — 1626KB
- uis-20241028.xsd (EX-101.SCH) — 3KB
- uis-20241028_lab.xml (EX-101.LAB) — 33KB
- uis-20241028_pre.xml (EX-101.PRE) — 22KB
- tm2427029d1_8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On October 28, 2024, Unisys Corporation entered into an amendment to its secured revolving credit facility (the "ABL Credit Facility"). Among other things, the amendment extended the maturity from October 2025 to October 2027 and reduced the aggregate amount of loans and letters of credit available under the ABL Credit Facility to $125.0 million, with an accordion provision allowing for an increase in the ABL Credit Facility up to $155.0 million. The foregoing description of the amendments to the ABL Credit Facility do not purport to be complete and are qualified in their entirety by reference to the full text of the amended ABL Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
03 Creation of Direct Financial Obligation
Item 2.03 Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated Credit Agreement, dated as of October 28, 2024, among Unisys Corporation, the lender parties thereto and Bank of America, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger 104 Cover page Interactive Data File (embedded within the Inline Extensible Business Reporting Language document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Unisys Corporation Date: October 30, 2024 By: /s/ Debra McCann Debra McCann Executive Vice President and Chief Financial Officer