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UNISYS ANNOUNCES REDEMPTION OF 9 PERCENT NOTES

 BLUE BELL, Pa., March 1 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) announced that it will redeem on March 29, 1993, all of its $200 million outstanding 9 percent Notes due Oct. 1, 1993, 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 signals our ability to use early redemption or repurchase programs as part of our continuing efforts to reduce debt and optimally manage cash. We are pleased with the balance sheet progress made in 1992 and we are committed to continue that as a Unisys priority. Debt net of cash has been reduced more than 60 percent from its peak in the third quarter of 1989. Our debt net of cash to capital ratio is now 42 percent compared with a peak 61 percent in the second quarter of 1991, and our goal is 25 percent or less."
 The redemption is being carried out under the terms of the indenture agreement with Bank One, Columbus, NA. Procedures for surrendering notes for repayment have been mailed to note holders by Bank One.
 /delval/
 -0- 3/1/93
 /CONTACT: Mark Lipscomb of Unisys, 215-986-3290/
 (UIS)


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

MK -- PH018 -- 1509 03/01/93 14:18 EST
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Publication:PR Newswire
Date:Mar 1, 1993
Words:222
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