Avaya, a telephony company bought by private-equity firms TPG and Silver Lake in 2007 for about $8 billion, is weighing a chapter 11 bankruptcy filing to slash its $6 billion debt load.

Avaya Holdings won court approval 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 transforming itself ...

Avaya started letting authorized resellers provide maintenance services around 2000. Today, the company has about 11,000 authorized business partners around the world and just over 400 of them ...

The company has $6 billion in debt, and also needs to raise $600 million for a debt maturity in October 2017. Avaya declined to comment on whether it is exploring the sale of the company, but ...

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 ...

Avaya filed to restructure under Chapter 11 bankruptcy protection back in January, saying at the time that the $725 million in debtor-in-possession financing, via Citibank, would be enough to ...

Avaya finally filed for bankruptcy on Tuesday, after protracted negotiations with creditors. See why common shareholders should sell their holdings and move on. Skip to content.

In the fall of 2020, the telecommunications firm Avaya brought its headquarters to Durham. But after a tumultuous period at the company, it is gone.