New Issue: Unisys upsizes seven-year notes to $300 million, yield 7%

By Paul A. Harris

St. Louis, March 12 - Unisys Corp. upsized to $300 million from $250 million its offering of 6 7/8% senior unsecured notes due March 15, 2010 (Ba1/BB+/BBB-) and priced them Wednesday at 99.319 to yield 7%, according to a syndicate source.

Price talk was for a yield of 7%-7¼%.

Salomon Smith Barney and Banc of America Securities were joint bookrunners. Bear Stearns & Co., Deutsche Bank Securities Inc., Wachovia Securities, Inc., BNP Paribas, HSBC, PNC and RBC were co-managers.

The Blue Bell, Pa. information technology firm will use the proceeds for general corporate purposes.

Issuer:	Unisys Corp.
Face amount:	$300 million (increased from $250 million)
Maturity:	March 15, 2010
Security description:	Senior unsecured notes
Bookrunners:	Salomon Smith Barney, Banc of America Securities (joint)
Co-managers:	Bear Stearns & Co., Deutsche Bank Securities Inc., Wachovia Securities, Inc., BNP Paribas, HSBC, PNC, RBC
Coupon:	6 7/8%
Price:	99.319
Yield:	7%
Call features:	Non-callable
Settlement date:	March 17, 2003
Distribution:	Public
Ratings:	Moody's: Ba1
	Standard & Poor's: BB+
	Fitch: BBB-
Cusip:	909214BH0
Price talk:	7%-7¼%

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