Avaya Debt Restructuring Progress Update
Avaya will soon turn the final page from Chapter 11....
29th November, 2017 - We are very pleased to announce that Avaya has reached the last major milestone in its chapter 11 process.
The Court has now confirmed the Avaya Plan of Restructuring, clearing the way for Avaya to emerge from Chapter 11 by the end of 2017, as a public company. Earlier in the month, the company also secured $2.925 billion in exit financing that creates a simplified and greatly reduced debt structure.
Now, with a strengthened balance sheet, a new Board of Directors and new executive leadership team in place, Avaya is fully focused on the future and taking an open approach to creating even greater business value for you. We at Westcon are also focused on ensuring we deliver Avaya solutions beyond your expectations - incorporating our value-add onto Avaya's already brilliant range of products, making them the best solution that they can be.
In the meantime, if you have any questions specifically regarding Avaya's Chapter 11 process, please visit Prime Clerk's website - for any other enquiries please get in touch with us at firstname.lastname@example.org or +44 (0)1293 806021.