Avaya Holdings Corp. (AVYA) News
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AVYA News Highlights
- For AVYA, its 30 day story count is now at 12.
- Over the past 29 days, the trend for AVYA's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- The most mentioned tickers in articles about AVYA are PR, APO and EM.
Latest AVYA News From Around the Web
Below are the latest news stories about AVAYA HOLDINGS CORP that investors may wish to consider to help them evaluate AVYA as an investment opportunity.
The company said its Restructuring Support Ag...
Avaya said upon completion of the restructuring process it will reduce its total debt by more than 75%, from nearly $3.4 billion to about $800 million. The new capital is "expected to provide substantial liquidity to support Avaya during the process and beyond," it said. Avaya had said there was substantial doubt about its ability to continue as a going concern in light of a debt maturity in 2023, according to a Wall Street Journal report in December, which cited people familiar with the matter.
Telecommunications-equipment and software provider Avaya has filed chapter 11 for the second time. A new deal will wipe out most of its debt.
After weeks of speculation, Avaya Holdings Corp. has filed for Chapter 11 bankruptcy reorganization.
Avaya Holdings Corp. said Tuesday that it and all of its U.S. subsidiaries filed for bankruptcy, a little more than five years after emerging from its previous bankruptcy. The business communication company said it entered a financial restructuring agreement that will reduce its debt by more than 75%, from $3.4 billion to about $800 million.
MORRISTOWN, N.J., February 14, 2023--Avaya Holdings Corp. (NYSE: AVYA) ("Avaya" or the "Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that it has entered into a Restructuring Support Agreement (the "Financial Restructuring") with overwhelming support of more than 90% of the Company’s secured lenders (the "Investor Group"). Implementing the Financial Restructuring will accelerate Avaya’s ongoing business transformation, significa
RALEIGH-DURHAM, N.C., February 09, 2023--Avaya announced CRN named John Lindsley, VP of North America Channel Sales at Avaya, to its 2023 Channel Chiefs list.
(Bloomberg) -- Avaya Holdings Corp.’s board misled investors about the company’s finances and management as part of a “massive fraud,” according to a lawsuit filed in New York state court by bondholders who claim they lost more than $125 million.Most Read from BloombergQuake Toll Hits 4,000 in Turkey and Syria as Rescue Teams ArriveTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing
Avaya’s challenges have been stacking up since a failed debt deal last summer that resulted in the ouster of its CEO.