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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Avaya Holdings Corporation | NYSE:AVYA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.2753 | 0 | 01:00:00 |
From May 2022 to May 2024
By Chris Wack
Avaya Holdings Corp. said its Avaya Inc. subsidiary entered into an investment agreement with a qualified institutional investor relating to the issuance and sale to the investor of $150 million in 8% exchangeable senior secured notes due 2027.
Avaya Holdings shares were halted in midmorning trade at $3.39.
The company said it intends to use the proceeds from the notes offering to prefund the repayment of, repurchase, or otherwise make certain payments in respect of its existing $350 million of 2.25% convertible senior notes due 2023 and for general corporate purposes.
The notes will have an initial exchange rate of 232.6 shares of common stock per $1,000 principal amount of notes, equivalent to an initial exchange price of $4.30 a share.
The company may not redeem the notes prior to June 20, 2024.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 23, 2022 10:49 ET (14:49 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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