Avaya’s post-bankruptcy plan should not impact customers, partners
On Good Friday 2017, the Easter Bunny dropped off Avaya’s Chapter 11 plan for reorganization at the U.S. Bankruptcy Court for the Southern District of N.Y. The plan is aimed at significantly cutting Avaya’s pre-filing debt, which had become an anchor around an otherwise healthy and profitable company. The reduction of debt will strengthen the company’s balance sheet, putting the company in a position to be successful in the future. A healthy financial position leads to M&A opportunities, funding of R&D, hiring of new sales people or any other number of options. + Also on Network World: Avaya files Chapter 11 reorg plan, reduces debt by $4 billion | 4 possible outcomes for Avaya + The proposed plan includes the following terms:To read this article in full or to leave a comment, please click here