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UNISYS ANNOUNCES REDEMPTION OF 10-3/4 PERCENT NOTES

 BLUE BELL, Pa., June 7 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) announced that it will redeem on July 7, 1993, all of its $100 million outstanding 10-3/4 percent Notes due Nov. 1, 1995, at the redemption price of 100 percent of the principal amount of the Notes, plus accrued interest.
 George T. Robson, Unisys senior vice president and chief financial officer said, "This action is the second debt redemption this year and reflects our ability to use early redemption or repurchase programs, as part of our continuing efforts to reduce debt and optimally manage cash. Continued improvement in the balance sheet is a priority to which we are firmly committed. Debt net of cash has been reduced more than 63 percent from its peak in the third quarter of 1989. Our debt net of cash to capital ratio was 38 percent at the end of March, compared with a peak of 61 percent in the second quarter of 1991.
 The redemption is being carried out under the terms of the indenture agreement with U.S. Trust Company, New York. Procedures for surrendering notes for repayment have been mailed to note holders by U.S. Trust & Company.
 /delval/
 -0- 6/7/93
 /CONTACT: Mark S. Lipscomb of Unisys, 215-986-6948/
 (UIS)


CO: Unisys Corporation ST: Pennsylvania IN: CPR SU:

MK -- PH006 -- 5843 06/07/93 09:06 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:226
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