Tag Archives: Lucent

It’s Back! Grandbaby Bell Avaya Returns To Public Markets After Emerging From Bankruptcy

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One year after its Chapter 11 filing and a decade after a private equity buyout, Avaya(AVYA) is, once again, a public company. The company had declared bankruptcy beset by $6.3 Billion in debt and mounting losses. In December, it completed its restructuring and began trading OTC.  In January, less than a month later, Avaya stock gained a listing… Read More »

Ma Bell Great-Grandchild Avaya Files For Bankruptcy

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Burdened by debt since its private equity buyout a decade ago, Avaya has filed for Chapter 11 bankruptcy.  The telecommunications software and hardware company posted a loss of $750 million for its most recent fiscal year. It is burdened by $6.3 billion in debt and $400 million in annual interest expense. “Avaya’s current capital structure is over 10… Read More »