Avaya Inc. $3.225 Billion Exit Financing Credit Facilities

Davis Polk advised the joint lead arrangers, joint bookrunners and the joint co-managers with respect to a $2.925 billion senior secured first-lien term loan facility provided to Avaya Inc. and a $300 million secured asset-based facility provided to Avaya and certain of its foreign subsidiaries in connection with its emergence from Chapter 11 bankruptcy. 

Avaya is a multinational company that specializes in digital communication applications, internet telephony, and customer relationship management software. Avaya provides global solutions and technologies to private and government customers around the world. 

The Davis Polk credit team included partners Jason Kyrwood and Kenneth J. Steinberg, counsel Benjamin Cheng and associate Darren Mahone. The restructuring team included partner Eli J. Vonnegut and associates Aryeh Ethan Falk and Dylan A. Consla. Partner Mario J. Verdolini and associate Caroline E. Dayton provided tax advice. Counsel Charles Shi provided executive compensation advice. All members of the Davis Polk team are based in the New York office.