Tue 12/13/2022 15:29 PM
UPDATE 1: 3:29 p.m. ET 12/13/2022: Brigade Capital Management, an anchor investor that purchased some of Avaya’s $250 million 8% exchangeable senior secured notes due 2027 over the summer, is advised by Debevoise & Plimpton as counsel in restructuring talks with all the stakeholders, according to sources.
Avaya’s securities plunged today after the company cleansed discussion materials with creditor groups about a potential chapter 11 filing or an out-of-court restructuring. Refusing to...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.