Avaya files for Chapter 11 bankruptcy

By on
Avaya files for Chapter 11 bankruptcy

Funding for restructure secured.

Avaya has filed for Chapter 11 bankruptcy, and secured a financing of US$780 million (A$1.1 billion) as it restructures its business. Avaya said upon completion of the restructuring process it will reduce its total debt by more than 75 percent, from nearly US$3.4 billion to about US$800 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Log In

  |  Forgot your password?