Avaya Holdings Corp. won court approval Wednesday on a lender-backed chapter 11 exit plan that trims nearly $2.6 billion in debt from its balance sheet and provides new financing to continue ...

Avaya Holdings Corp. has held talks with lenders over a plan that could hand them control of the company as part of a bankruptcy filing, according to people with knowledge of the situation.

With the transition, Avaya is now a private company backed by its existing lenders. Avaya bankruptcy: Why shareholders are the big losers Avaya restructuring approved, slashes billions in debt ...

MORRITOWN, N.J. – Cloud technology firm Avaya, which until last month was headquartered in Durham, has won court approval for its reorganization plan and will emerge from bankruptcy as a private ...

After protracted negotiations with creditors, ailing digital communications solutions provider Avaya finally filed for bankruptcy on Tuesday. Company has secured almost $780 million in new ...

RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)--Avaya Holdings Corp. (NYSE: AVYA) today announced that Alan Masarek has been appointed as its President and CEO and as a member of Avaya’s Board of ...

Avaya will be working to migrate its massive enterprise base to the cloud and the subscription-based model with the help of its partners after posting a 20 percent revenue dive in the third ...

MORRISTOWN, N.J., July 10, 2024--(BUSINESS WIRE)--Avaya, a leader in enterprise CX, announced today that Alan Masarek, President and Chief Executive Officer, will retire at the end of the calendar ...

MORRISTOWN, N.J.--(BUSINESS WIRE)--Avaya, a global enterprise software leader, today announced its new Avaya Infinity™ platform. Built to unify fragmented customer experiences, Avaya Infinity ...

Avaya Holdings Corp. is working with legal and financial advisers to evaluate the company’s options following an earnings miss that tanked prices of a $600 million debt deal completed in June ...