Fri 12/16/2022 12:32 PM
Avaya made about $12.5 million of coupon payments due yesterday, Thursday, Dec. 15, on two tranches of its bonds, even though it is expected to file chapter 11 in the near term - potentially this month or in January - after efforts to execute an out-of-court restructuring failed to bear fruit, according to sources.
The telecom services provider made a semiannual interest payment of $10 million on the $250 million 8% secured exchangeable notes due Dec. 15, 2027, and another $2.5 million on...
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