COMPANY NEWS: Avaya, a global leader in customer experience solutions, today announced that it has successfully completed its financial restructuring and emerged from the Chapter 11 process with a growth-oriented capital structure that includes approximately $650 million in liquidity and a net leverage ratio of less than 1x.
Unified communications vendor Avaya has finally emerged from Chapter 11 protection from bankruptcy in the US with completion of its debt reconstruction plan.
California-based telco Avaya has entered into a plan support agreement following its filing for chapter 11 bankruptcy in January.
The California-based telecommunications company Avaya has filed for chapter 11 bankruptcy protection, according to a report in the Wall Street Journal.
Kodak, the legendary photographic company, has entered into Chapter 11 bankruptcy in the US, hoping to reorganise its business with a near US $1b 'debtor-in-possession' loan from Citigroup.
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