Avaya $2.725 billion exit financing credit facilities
Davis Polk is advising the joint lead arrangers, joint bookrunners and joint co-managers with respect to a $2.425 billion senior secured term loan facility and a $300 million secured asset-based facility to be provided to Avaya Inc. in connection with its emergence from Chapter 11 bankruptcy.
Avaya is a multinational company that provides communication applications to private and government customers and platforms around the world.
The Davis Polk finance team includes partners Jason Kyrwood, Kenneth J. Steinberg and Meyer C. Dworkin, counsel Benjamin Cheng and associates Darren Mahone and Kwesi Larbi-Siaw. The restructuring team includes partner Eli J. Vonnegut and associates Aryeh Ethan Falk and Dylan A. Consla. All members of the Davis Polk team are based in the New York office.