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Avaya to repay outstanding indebtedness under loan facility
By Taylor Fox
New York, Sept. 8 – Avaya Holdings Corp. intends to repay, repurchase or otherwise make payments on its outstanding indebtedness under its term loan credit facility, according to an 8-K filing with the Securities and Exchange Commission.
The repayment will be funded using proceeds from its offer to sell $750 million of its senior first-lien notes due 2028.
The proceeds will also pay related fees, costs and expenses related to the repayment.
Avaya is a Santa Clara, Calif.-based provider of digital communications software, services and devices.
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