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 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.

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 ...

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 ...

DURHAM – Jim Chirico, longtime CEO of cloud technology firm Avaya, is to be “removed” from his position as of Aug. 1 and also will resign his board seat, the company says. Chirico is out as ...

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 ...

DUBAI, United Arab Emirates--(BUSINESS WIRE)--GITEX GLOBAL – Avaya, a global leader in enterprise CX, today demonstrated its vision for a future of customer experience orchestrated by AI.

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 ...

Dec 15 (Reuters) - IT firm Avaya Holdings Corp (AVYA.N), opens new tab is reaching a chapter 11 bankruptcy filing to restructure its balance sheet, in a bid to turn around its business and move ...