https://news.bloomberglaw.com/bankruptcy-law/avaya-in-talks-to-secure-450-million-for-potential-bankruptcy
3 replies (most recent on top)
Masawrecks Avaya is just not generating enough cash to cover the current debts let alone this one. Q1 was awful and Q2 looks even worse. Avaya goes Chapter 11 and gets broken up and the bits sold off pretty quickly......
$450,000,000.00 may seem like a lot of money but it’s not much to support a company like Avaya thru another year long plus bankruptcy. I don’t thing they make it. Expect stalking horses to bid on patents, what is left of the base and perhaps its contact center business to pay off debts and throw some money into a Federally backed pension fund.
That’s one small step for Avaya and one giant leap for Avaya’s investors