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General

Avaya reprices USD 2.9 bln senior secured term loan

Tuesday 19 June 2018 | 10:51 CET | News
Avaya said it has repriced its USD 2.918 billion senior secured term loan, in a move that will save it over USD 14 million in cash interest, every year. The repricing of the term loan which matures in 2024 reduces the interest rate to LIBOR plus 4.25 percent per year from from LIBOR plus 4.75 percent per year and reduces the LIBOR floor to 0 percent from 1 percent.

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Categories: General
Companies: Avaya
Countries: World
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