NEWS & EVENTS
Avaya Inc. Announces Offering of Senior Secured Notes
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.
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.