Avaya to launch $800 million extended term loan on Tuesday

By Sara Rosenberg

New York, Sept. 14 – Avaya Inc. is set to hold a lender call on Tuesday to launch an extension of $800 million of its existing term loan by three years to 2027, according to a market source.

J.P. Morgan Securities LLC, BofA Securities Inc., Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs Bank USA are the leads on the deal.

Lenders are being offered a 200 basis points extension fee and 101 soft call protection for six months, the source said.

Avaya is a Santa Clara, Calif.-based business communications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.