Core Points - FARO Technologies, Inc. has announced that its shareholders approved the acquisition by AMETEK, Inc. at a Special Meeting [1][2] - Over 99% of votes cast were in favor of the merger agreement, which required a majority vote from FARO's outstanding shares [2] - Upon completion of the merger, FARO shareholders will receive $44 in cash for each share of FARO common stock, with the transaction expected to close in the second half of 2025, pending regulatory approvals [3] Company Information - FARO has been a leader in technology solutions for over 40 years, focusing on enabling customers to measure their world and make informed decisions [5] - The company is recognized for its innovative approach in bridging digital and physical realities through reliable data accuracy and immediacy [5] Advisory Information - Evercore is serving as the exclusive financial advisor, while Foley & Lardner LLP is acting as the legal advisor to FARO during this merger process [4]

Core Viewpoint - Unisys Corporation successfully closed a $700 million offering of 10.625% Senior Secured Notes due 2031, aimed at refinancing existing debt and strengthening its financial position [1][2]. Financing and Use of Proceeds - The net proceeds from the Senior Secured Notes will be used to finance a tender offer for its outstanding 6.875% senior secured notes due 2027, fund a portion of its long-term pension deficit, and cover general corporate purposes [1][2]. - The company plans to redeem any remaining outstanding Existing Notes after the tender offer and consent solicitation [1]. Financial Structure and Guarantees - The Senior Secured Notes are guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of the company and its subsidiaries [2]. - The offering is structured to ensure that the Senior Secured Notes and guarantees are subordinated to the liens on ABL collateral in favor of ABL secured parties [2]. Credit Facility Amendment - Unisys amended its secured Asset-Based Lending (ABL) credit facility, maintaining it at $125 million with an option to increase to $155 million, and extended the maturity date to June 2030 [7].

Core Viewpoint - Unisys Corporation is conducting a tender offer to purchase its outstanding 6.875% Senior Secured Notes due 2027, with early results indicating a high participation rate from noteholders [1][5]. Tender Offer Highlights - As of June 25, 2025, 98.98% of the total $485 million principal amount of the Notes has been validly tendered [3][5]. - The total consideration for the Notes accepted for purchase is $1,006.25 per $1,000 principal amount, which includes an early tender premium of $30 [3][5]. - The early settlement date for the tendered Notes is expected to be June 27, 2025 [5]. Proposed Amendments - The company has received the necessary consents to adopt proposed amendments to the indenture governing the Notes, which will eliminate most restrictive covenants and certain default events [5][9]. - The amendments will also release all collateral securing the Notes and modify other provisions in the indenture [5][9]. Financing Transaction - Concurrently, the company plans to amend its existing asset-based revolving credit facility and issue $700 million of Senior Secured Notes due 2031 [8]. - Proceeds from this financing transaction will be used to pay for the tendered Notes and related expenses [8]. Additional Information - Holders can continue to tender their Notes until July 11, 2025, with a final settlement date expected on July 14, 2025 [10]. - The terms and conditions of the tender offer and consent solicitation are detailed in an Offer to Purchase and Consent Solicitation Statement dated June 11, 2025 [11].

Core Viewpoint - Unisys Corporation is issuing $700 million in Senior Secured Notes due 2031 to finance a cash tender offer for its existing notes and other corporate purposes [1][3]. Group 1: Senior Secured Notes Offering - Unisys announced the pricing of $700 million aggregate principal amount of Senior Secured Notes due 2031 through a private offering [1]. - The Senior Secured Notes will bear an interest rate of 10.625% per year, payable semiannually starting January 15, 2026 [5]. - The offering is expected to close on June 27, 2025, subject to customary closing conditions [1]. Group 2: Tender Offer and Consent Solicitation - Concurrently, Unisys initiated a cash tender offer to purchase all outstanding $485 million of its 6.875% Senior Secured Notes due November 1, 2027 [2]. - The company is soliciting consents to amend the existing indenture governing the terms of the Existing Notes, aiming to eliminate restrictive covenants and certain events of default [2]. - The Tender Offer and Consent Solicitation are contingent upon the successful completion of the Senior Secured Notes offering [7]. Group 3: Use of Proceeds - The net proceeds from the Senior Secured Notes offering will be used to finance the Tender Offer and Consent Solicitation, redeem remaining Existing Notes, fund a portion of the long-term pension deficit, and for general corporate purposes [3]. Group 4: Security and Guarantees - The Senior Secured Notes will be guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of Unisys and the subsidiary guarantors [4].

Core Viewpoint - Unisys Corporation has initiated a tender offer to purchase its outstanding 6.875% Senior Secured Notes due 2027, along with a consent solicitation for proposed amendments to the indenture governing these notes [1][2]. Group 1: Tender Offer Details - The tender offer aims to buy back all outstanding notes for cash, with a total principal amount of $485 million [5]. - The consideration for the notes is set at $976.25 per $1,000 principal amount, with an early tender premium of $30, bringing the total consideration to $1,006.25 for early tenders [5][6]. - The tender offer and consent solicitation will expire on July 11, 2025, with an early tender expiration date of June 25, 2025 [7][8]. Group 2: Financing Transaction - The company plans to concurrently amend its asset-based revolving credit facility and issue up to $700 million of Senior Secured Notes due 2031, subject to market conditions [3]. - Proceeds from this financing transaction, along with cash on hand, will be used to pay for the tendered notes and related expenses [3][10]. Group 3: Consent Solicitation - The company is soliciting consents to eliminate restrictive covenants and certain events of default related to the notes, which requires a majority of holders to approve [2][11]. - Holders must tender their notes to deliver their consents, and the proposed amendments will not take effect until all validly tendered notes are purchased [9][11]. Group 4: Conditions and Amendments - The consummation of the tender offer is contingent upon the completion of the financing transaction and other specified conditions [10]. - The company reserves the right to extend or amend the tender offer and consent solicitation at its discretion [10][12].

Core Viewpoint - Unisys Corporation plans to offer $700 million in Senior Secured Notes and simultaneously initiate a cash tender offer for its existing $485 million Senior Secured Notes, aiming to improve its financial structure and address long-term liabilities [1][2]. Group 1: Offering Details - The offering of Senior Secured Notes will be conducted through a private offering to qualified institutional buyers and certain persons outside the U.S. under the Securities Act [1]. - The company intends to use the net proceeds from the offering, along with cash on hand, to finance the Tender Offer and related expenses, redeem remaining Existing Notes, fund pension deficits, and for general corporate purposes [2]. Group 2: Tender Offer and Consent Solicitation - The Tender Offer includes soliciting consents to amend the existing indenture of the Existing Notes, aiming to eliminate restrictive covenants and certain events of default [1]. - The Tender Offer and Consent Solicitation are contingent upon the successful completion of the Senior Secured Notes offering and other customary conditions [5]. Group 3: Security and Guarantees - The Senior Secured Notes will be guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of Unisys and its subsidiary guarantors [3]. - The guarantees will include a pledge of 100% of the capital stock of each first-tier domestic and foreign subsidiary [3]. Group 4: Regulatory Considerations - The Senior Secured Notes have not been registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [4].

Group 1 - Unisys has been recognized as one of the Global Top 100 Most Loved Workplaces® by Newsweek for the second consecutive year, climbing 24 places to rank 74 in 2025 [1] - The recognition reflects Unisys's commitment to fostering a dynamic workplace culture that emphasizes exploration, experimentation, agility, and ownership among employees [1] - Employee satisfaction and engagement are highlighted as key factors, with survey data indicating high levels of respect, collaboration, support, and a sense of belonging within the company [2] Group 2 - The Most Loved Workplaces® initiative, backed by the Best Practices Institute, surveyed over 175 companies and more than 3,000 executives, revealing that increased employee sentiment correlates with higher productivity [3] - Findings show that 94% of respondents reported being more productive at companies they loved, and 95% indicated they stayed at such companies three to four times longer [3]

Gorilla Technology (NASDAQ: GRRR ), a two-decade old entity that leverages AI, edge computing, and deep learning, to provide technology solutions for clients around various industries (mainly government, logistics, transport, retail, hospitality, etc.) around the globe (although its servicing roots areAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article mys ...

Group 1 - Unisys will participate in the East Coast IDEAS Conference on June 11, 2025, with CEO Mike Thomson presenting at 8:35 a.m. EDT [1] - Investors can schedule meetings with Unisys executives through their conference representatives, and a live webcast of the presentation will be available on the Unisys investor website [2] - Unisys is a global technology solutions company that offers services in cloud, AI, digital workplace, logistics, and enterprise computing, aiming to help clients unlock their full potential [3]

Company Overview - NORBIT ASA is a global provider of tailored technology aimed at solving challenges and promoting sustainability through innovative solutions, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [4] - The Oceans segment focuses on delivering technology solutions to global maritime markets, while the Connectivity segment provides wireless solutions for identification, monitoring, and tracking [4] - The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers [4] - NORBIT is headquartered in Trondheim, has manufacturing facilities in Europe and North America, employs around 600 people, and operates a worldwide sales and distribution platform [4] Recent Share Transaction - Petors AS, wholly owned by Per Jørgen Weisethaunet, CEO of NORBIT ASA, sold 153,000 shares in NORBIT ASA at an average price of NOK 193.23 per share for tax-related purposes [1] - Prior to the sale, Petors AS held 7,129,944 shares, representing 11.1% of NORBIT's outstanding shares; after the transaction, it holds 6,976,944 shares [2] - Weisethaunet and closely associated persons now hold a total of 6,986,157 shares, approximately 10.93% of the company's outstanding shares [2]