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Avaya Holdings Corp (AVYA.N)

AVYA.N on New York Stock Exchange

17.80USD
19 Oct 2018
Change (% chg)

$-0.35 (-1.93%)
Prev Close
$18.15
Open
$18.14
Day's High
$18.39
Day's Low
$17.77
Volume
208,717
Avg. Vol
360,249
52-wk High
$23.75
52-wk Low
$17.77

Latest Key Developments (Source: Significant Developments)

Avaya Invests In Cogito To Enhance Customer Experience Through Joint Development
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Avaya Holdings Corp ::AVAYA INVESTS IN COGITO, DEEPENING PARTNERSHIP TO ENHANCE CUSTOMER EXPERIENCE THROUGH JOINT DEVELOPMENT.AVAYA HOLDINGS SAYS INVESTED IN COGITO, AN AI COMPANY FOR EMOTIONAL INTELLIGENCE.  Full Article

Avaya Holdings Q3 Revenue $692 Million
Thursday, 9 Aug 2018 

Avaya Holdings Corp ::AVAYA REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 REVENUE $692 MILLION.SEES Q4 FISCAL 2018 GAAP REVENUE OF $705-$735 MILLION.SEES Q4 FISCAL 2018 NON-GAAP REVENUE OF $760-$780 MILLION.SEES 2018 GAAP REVENUE $2.82BLN - $2.85 BILLION; 2018 NON-GAAP REVENUE $3.05 BILLION - $3.07 BILLION.SEES Q4 FISCAL 2018 GAAP OPERATING LOSS OF $24 MILLION TO OPERATING INCOME OF $13 MILLION, NON-GAAP OPERATING INCOME $153-$172 MILLION.SEES 2018 OPERATING LOSS $87 MILLION - $124 MILLION, 2018 NON-GAAP OPERATING INCOME $633 MILLION - $652 MILLION.LOSS PER SHARE FOR THREE MONTHS ENDED JUNE 30 $0.80.  Full Article

Avaya Inc. Announces Repricing Of $2.918 Billion Senior Secured Term Loan
Monday, 18 Jun 2018 

Avaya Holdings Corp ::AVAYA INC. ANNOUNCES REPRICING OF $2.918 BILLION SENIOR SECURED TERM LOAN.AVAYA HOLDINGS - REPRICING OF TERM LOAN MATURES IN 2024.  Full Article

Avaya Prices $300 Mln Of 2.25% Convertible Senior Notes due 2023
Thursday, 7 Jun 2018 

June 7 (Reuters) - Avaya Holdings Corp ::AVAYA PRICES $300 MILLION OF 2.25% CONVERTIBLE SENIOR NOTES.PRICING OF $300 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 2.25% CONVERTIBLE SENIOR NOTES DUE 2023.  Full Article

Avaya Acquires Spoken Communications
Monday, 29 Jan 2018 

Jan 29 (Reuters) - Avaya Holdings Corp ::AVAYA ACQUIRES SPOKEN COMMUNICATIONS, A LEADING CONTACT CENTER AS A SERVICE PROVIDER.AVAYA - TRANSACTION, WHICH INCLUDES OVER 170 PATENTS AND PATENT APPLICATIONS, WILL BE FUNDED BY CASH ON HAND.  Full Article

Avaya Says Q4 Revenue $790 Million
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Avaya Holdings Corp ::AVAYA REPORTS FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS.Q4 REVENUE $790 MILLION.QTRLY GROSS MARGIN 62.7%, NON-GAAP GROSS MARGIN 63.2%,.QTRLY OPERATING INCOME OF $64 MILLION, QTRLY NON-GAAP OPERATING INCOME OF $178 MILLION OR 22.5% OF REVENUE.TOTAL REVENUE FOR Q4 WAS $790 MILLION, DOWN $13 MILLION COMPARED TO PRIOR QUARTER.IN QUARTER, LOWER DEMAND FOR PRODUCTS AND SERVICES PRIMARILY DUE TO EXTENDED PROCUREMENT CYCLES RESULTING FROM CHAPTER 11 FILING.AVAYA - REDUCTION OF DEBT AND CERTAIN OTHER LONG-TERM OBLIGATIONS WILL IMPROVE ANNUAL CASH FLOW BY APPROXIMATELY $300 MILLION COMPARED TO FISCAL 2016.  Full Article

Avaya Completes Financial Restructuring
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Avaya Holdings Corp ::AVAYA SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING AND EMERGES FROM CHAPTER 11.AVAYA HOLDINGS CORP SAYS IS TAKING STEPS NECESSARY TO LIST ON NEW YORK STOCK EXCHANGE.AVAYA HOLDINGS CORP - EXPECTS TO HAVE APPROXIMATELY 110 MILLION SHARES OUTSTANDING UPON EMERGENCE FROM CHAPTER 11.AVAYA HOLDINGS - REDUCED PRIOR DEBT LOAD BY ABOUT $3 BILLION, EXITS WITH MORE THAN $300 MILLION IN CASH ON ITS BALANCE SHEET.  Full Article

Avaya Announces Court Approval Of Restructuring Plan
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Avaya Holdings Corp ::‍AVAYA ANNOUNCES COURT APPROVAL OF RESTRUCTURING PLAN​.AVAYA HOLDINGS CORP - ‍UNITED STATES BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF NEW YORK CONFIRMED SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION​.AVAYA HOLDINGS CORP - ‍EXPECTS TO EMERGE FROM ITS RESTRUCTURING PROCESS IN 2017​.AVAYA HOLDINGS - ‍PROJECTS TO HAVE ABOUT $2.925 BILLION OF FUNDED DEBT UPON EMERGENCE FROM CHAPTER 11 PROTECTION​.AVAYA HOLDINGS CORP-‍REVISED CAPITAL STRUCTURE IS EXPECTED TO RESULT IN MORE THAN $200 MILLION IN ANNUAL CASH INTEREST SAVINGS COMPARED TO FISCAL YEAR 2016​.AVAYA HOLDINGS - ‍PROJECTS TO HAVE $300 MILLION SENIOR SECURED ASSET-BASED LENDING FACILITY AVAILABLE UPON EMERGENCE FROM CHAPTER 11 PROTECTION​.  Full Article

Avaya announces post-emergence board of directors
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Avaya Holdings Corp :Avaya announces post-emergence board of directors.Avaya Holdings Corp - ‍announced members selected to serve on company's board of directors upon its emergence from chapter 11 as a public company​.Avaya Holdings Corp - ‍current board is expected to remain in place until new board assumes its responsibilities upon emergence from chapter 11​.Avaya Holdings - ‍current board of directors is expected to remain in place until new board assumes responsibilities upon emergence from chapter 11​.Avaya Holdings - ‍hearing to consider confirmation of second amended plan by U.S. Bankruptcy court is scheduled to commence on Nov 28​.Avaya Holdings Corp - ‍jim Chirico is Avaya's current president and chief executive officer and formerly its chief operating officer​.  Full Article

Avaya Inc announces upsize and pricing of $2.925 bln senior secured term loan
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Avaya Inc [RIC:RIC:AVXX.UL]:Avaya Inc announces upsize due to strong demand and pricing of $2.925 billion senior secured term loan.Avaya Holdings - unit Avaya Inc has successfully priced a $2.925 billion senior secured term loan, which was upsized from $2.425 billion​.Avaya Holdings - revised capital structure is expected to result in more than $200 million in annual cash interest savings compared to fiscal year 2016​.Avaya Holdings - hearing to consider confirmation of Avaya's plan of reorganization is scheduled to commence on November 28, 2017​.Avaya Holdings - funding,closing of term loan expected to occur in dec concurrent with anticipated effective date of Avaya's plan of reorganization​.Avaya Holdings - proceeds from term loan will be used to support Avaya's emergence from chapter 11​.Avaya Holdings - ‍term loan will mature in 2024 and bear interest at a rate of LIBOR plus 4.75% per annum, with a 1.00% LIBOR floor​.  Full Article

BRIEF-Avaya Qtrly Loss Per Share $1.18

* SEES REVENUE OF $690-$705 MILLION, NON-GAAP REVENUE OF $750-$770 MILLION FOR Q3