Avaya Inc. Announces Offering of Senior Secured Notes

02 Feb 2011

BASKING RIDGE, N.J. – Avaya Inc. (the "Company") today announced that it intends to raise approximately $1 billion in gross proceeds through a private placement offering of senior secured notes due 2019 that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The net proceeds from the notes offering would be used to repay a portion of the term loans outstanding under the Company’s senior secured credit facility and to pay related fees and expenses.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the senior secured notes due 2019. The notes to be offered have not been, and will not be, registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. 
Certain statements in this press release are forward-looking statements. These statements involve a number of risks, uncertainties, and other factors including the failure to consummate the notes offering and potential changes in market conditions that could cause actual results to differ materially. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Avaya

Avaya is a global leader in business communications systems. The Company provides world-class unified communications solutions, contact center solutions, data solutions networking, and related services directly and through its channel partners to leading businesses and organizations around the world. Enterprises of all sizes depend on Avaya for state-of-the-art communications that help improve efficiency, collaboration, customer service and competitiveness. For more information please visit www.avaya.com.

Matthew Booher, Investor Relations





Skip MacAskill, Media Relations