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Subsequent Event
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
Amendment to Amended and Restated ABL Credit Facility
On October 28, 2024. the company amended the Amended and Restated ABL Credit Facility (the “Amendment”). Among other things, the Amendment extended the maturity from October 29, 2025 to October 29, 2027 and reduced the aggregate amount of loans and letters of credit available under the Amended and Restated ABL Credit Facility to $125.0 million, with an accordion feature provision allowing for the aggregate amount available to be increased up to $155.0 million.
SEC Settlement
On October 22, 2024, Unisys reached a non-scienter-based administrative proceeding settlement, on a neither admit nor deny basis, with the SEC in connection with the investigation disclosed in Note 14. Non-scienter-based securities violations are made without any knowledge, intent or recklessness. The company concluded that it is in the best interests of the company and its stockholders to constructively resolve this matter with the SEC and the settlement fully resolves the investigation. The SEC recognized the company’s cooperation in its investigation and the remediation steps the company has taken to strengthen its cybersecurity risk management and protections. As part of the settlement, the company agreed to pay a $4 million civil penalty, which was accrued in an earlier period when deemed probable and estimable. The settlement is not an admission by the company of any wrongdoing