Avaya Inc. Announces Repricing of $2.918 Billion Senior Secured Term Loan
Avaya Holdings announced today that its wholly-owned subsidiary, Avaya Inc., has successfully repriced its $2.918 billion senior
secured term loan.
“The repricing of this senior secured term loan reflects our improved credit profile and will save Avaya over $14 million in
annual cash interest expense,” said Pat O’Malley, Avaya’s Senior Vice President and Chief Financial Officer.
The repricing of the term loan which matures in 2024 reduces the interest rate from LIBOR plus 4.75% to LIBOR plus 4.25% per
annum and reduces the LIBOR floor from 1% to 0%. The repricing was led by J.P. Morgan and Goldman Sachs Bank USA as joint lead
bookrunners and arrangers.
About Avaya
Avaya is a global leader in digital communications software, services and devices for businesses of all sizes. Our
open, intelligent and customizable solutions for contact centers and unified communications offer the flexibility of Cloud,
on-premises and hybrid deployments. Avaya shapes intelligent connections and creates seamless communication experiences for our
customers, and their customers. Our professional planning, support and management services teams help optimize solutions, for
highly reliable and efficient deployments. Avaya Holdings Corp. is traded on the NYSE under the ticker AVYA. For more information,
please visit www.avaya.com.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements contained in this release are “forward-looking statements.” All statements other than statements of
historical fact are “forward-looking statements” for purposes of the U.S. federal and state securities laws. These statements may
be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “plan, “project,” “target,” “can,” “could,” “may,” “should,” “will,” “would” or similar words. These forward-looking
statements, which are based on the Company’s current plans, expectations and projections about future events, should not be unduly
relied upon. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual
results, performance and achievements to materially differ from any future results, performance and achievements expressed or
implied by such forward-looking statements. These factors are discussed in the Company’s Registration Statement on Form 10 and
Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”). For a further list and description of
such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov . The Company cautions you that the list of important factors included in the Company’s SEC
filings may not contain all of the material factors that are important to you. In addition, in light of these risks and
uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The
Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future
events, changed circumstances or otherwise, except as otherwise required by law.
Source: Avaya Newsroom
Avaya Holdings Corp.
Media Inquiries:
Debbie Lewandowski, 630-245-2720
deblewan@avaya.com
or
Investor Inquiries:
Peter Schuman, 669-242-8098
pschuman@avaya.com
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