Unisys successfully restructuring debt with 98.98% noteholder participation, improving financial flexibility by eliminating restrictive covenants. Unisys has achieved a remarkably high 98.98% participation rate in its tender offer for its $485 million 6.875% Senior Secured Notes due 2027, indicating strong noteholder confidence in the company's refinancing strategy. This debt restructuring is strategically timed before the November 2025 par call date, allowing Unisys to optimize its capital structure while interest rates remain favorable. The elimination of restrictive covenants and release of collateral through the consent solicitation represents a significant enhancement to Unisys' financial flexibility. By removing these constraints, management gains greater operational latitude and reduced compliance obligations, which is particularly valuable for technology companies needing adaptability in a rapidly evolving market.