Avaya Reenters Ch. 11 With Deal To Slash $2.6B In Debt

By Vince Sullivan and Rick Archer (February 14, 2023, 7:18 PM EST) -- Telecom giant Avaya Inc. filed its second Chapter 11 case since 2017 on Tuesday in Texas federal court, saying it had reached terms with its creditors on a plan proposed to cut $2.6 billion of debt from its balance sheet....

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