SANTA CLARA, Calif. (BUSINESS WIRE) – Avaya Holdings Corp. (NYSE: AVYA) (“Avaya”) announced today that its 100% subsidiary Avaya Inc. (the “Company”) has completed its previously announced private offer (the “Offer”) for a total amount of $1 billion to First Lien Notes maturing in 2028 (the “Bonds”). The bonds are remunerated at an interest rate of 6.125% per annum, payable semi-annually on March 15 and September 15, starting March 15, 2021. The bonds are the bonds guaranteed primarily by the company and are guaranteed by Avaya and each of the company`s 100% domestic subsidiaries that guarantee the temporary loan and revolving credit facilities based on the company`s assets, on a priority guarantee basis. For Investor Requests: Mike McCarthy email@example.com For Media Inquiries: Forrest Monroy firstname.lastname@example.org The Company used the proceeds of the offer to repay and/or redeem outstanding debt under its existing First Term Lien Loans and to pay associated fees, charges and expenses. In addition, US$800 million in nominal terms of existing front-line loans that have not been repaid/repurchased have extended their maturity from December 2024 to December 2027. The Bonds and associated collateral have not been registered and are not registered under the Securities Act of 1933, as amended (“Securities Act”), state securities laws or securities laws of any other jurisdiction and may not be offered or sold in or for the benefit of the United States. persons other than under a waiver applicable to or in a transaction that is not subject to the registration requirements of the Securities Act and applicable national securities or Blue Sky legislation. Accordingly, the bonds and related collateral were offered only to persons who can reasonably be assumed to be qualified institutional buyers based on Rule 144A of the Securities Act and to non-U.S.
buyers. Persons outside the United States, in accordance with Regulation S of the Securities Act. At the same time as the aforementioned transactions, the Company extended the duration of its wealth-based financing mechanism from December 2022 to September 2025 and reduced the commitments of this facility from $300 million to $200 million. Businesses are built on the experience they offer and millions of those experiences are made available every day by Avaya Holdings Corp. (NYSE: AVYA). Avaya is shaping the future of work with innovations and partnerships that deliver breakthrough business benefits.. . . .