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Feb 14, 2023 · Avaya Holdings Corp has filed for Chapter 11 bankruptcy and secured a financing of $780 million as it restructures its business, the IT firm said on Tuesday.
Avaya has come out of chapter 11 bankruptcy with approximately $650 million in liquidity. Company officials said Avaya emerges from bankruptcy focused on advancing innovation with their long-range product road map...
Feb 14, 2023 · Avaya, a unified communications giant, filed for bankruptcy for the second time in six years due to revenue and earnings misses. The company said it will reduce its debt by 75 percent and invest in its cloud-based offerings and solutions.
Feb 14, 2023 · Upon the company’s emergence from Chapter 11, the $500 million new-money term loan and $128 million ABL facility will roll into exit facilities. Additionally, the company said, certain secured...
- Pitchbook
Feb 14, 2023 · Avaya Holdings Corp has filed for Chapter 11 bankruptcy and secured a financing of $780 million as it restructures its business, the IT firm said on Tuesday. Avaya said upon completion of the...
Dec 16, 2022 · IT firm Avaya Holdings Corp is reaching a chapter 11 bankruptcy filing to restructure its balance sheet, in a bid to turn around its business and move past accounting problems, the Wall...
Feb 13, 2023 · Upon the company’s emergence from Chapter 11, the $500 million new-money term loan and $128 million ABL facility will roll into exit facilities. Additionally, the company said, certain secured lenders have committed to provide $150 million of additional new-money financing through a fully backstopped debt rights offering at exit.
