Avaya Sells $1B Debt

Avaya has raised $1.009 billion through a senior secured note sale.

Avaya has raised $1.009 billion through a senior secured note sale, Reuters reports. The notes were sold in the 144a private placement market.

The notes, maturing on April 1, 2019, will carry a coupon rate of 7%. The joint bookrunning managers on the sale were Morgan Stanley, UBS, Citi, Goldman Sachs and JP Morgan.

Click here for the story from Reuters.