Avaya files for Chapter 11 bankruptcy

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Funding for restructure secured.

Avaya files for Chapter 11 bankruptcy
Avaya has filed for Chapter 11 bankruptcy, and secured a financing of US$780 million (A$1.1 billion) as it restructures its business. Avaya said upon completion of the restructuring process it will reduce its total debt by more than 75 percent, from nearly US$3.4 billion to about US$800 ...

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