Avaya to launch $743 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Feb. 9 – Avaya Inc. is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch a $743 million incremental term loan B-2, according to a market source.

BofA Securities Inc. is the lead on the deal.

Proceeds will be used with $100 million of balance sheet cash to refinance a non-extended term loan due 2024.

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

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