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Avaya Announces Court Approval of Restructuring Plan

Avaya has now reached a key milestone in its Chapter 11 process. The Court has now confirmed the Avaya Plan of Restructuring, clearing the way for the company to emerge from Chapter 11 by the end of 2017 as a public company. Earlier in the month, Avaya also successfully secured $2.925 billion in exit financing that creates a simplified and greatly reduced debt structure.

Now, with a strengthened balance sheet, a new board of directors and new executive leadership team in place, Avaya is fully focused on the future and helping end customers deliver value with best-of-breed technology.

As a proud Avaya partner we’re excited to see the company’s  momentum continue to build, and as this process continues our focus remains on business as usual, with no impact on the service we deliver to you. Maintel remains committed to delivering the best possible support around your Avaya technology.

While we will keep you updated of any further developments, if in the meantime you have any questions or concerns, contact your account manager, who will be happy to assist.