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Avaya Takes Action to Accelerate Transformation and Fortify Capital Structure

Secures Approximately $780 Million in Committed Financing; New Capital Will Accelerate Investment in Avaya’s Leading Cloud Communications Portfolio Enters Agreement to Eliminate More Than 75% of Debt and Substantially Increase Cash and Liquidity Initiates Expedited, Prepackaged Financial Restructuring via Chapter 11 with Overwhelming Support of Financial Stakeholders Expects to Complete Process in 60 to 90 Days; Paying Vendors and Suppliers in Full and Paying Employees as Usual Extends and...
United States Alan Masarek Ringcentral Inc Akin Gump Strauss Hauer Feld Ringcentral Avaya Cloud Office Investor Group

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Avaya Reports Fourth Quarter and Fiscal 2021 Financial Results, Provides Fiscal 2023 and Fiscal 2024 Targets - Media Releases

Q4 revenues of $760 million; FY21 revenue $2.973 billion - an increase of 3.5% year over year Avaya OneCloud™ ARR for Q4 increased 177% year over year to $530 million Cloud, Alliance Partner and Subscription revenue was a record 44% for Q4 and 40% for FY21 Signed 119 deals with TCV greater than $1 million, 18 over $5 million and 7 over $10 million in Q4
New York United States Sultanate Of Oman Avaya Onecloud Cpaa Jim Chirico Avaya Onecloud
Source: idg.com.au

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