Avaya $175 million add-on to 11 1/8% notes of 2009 to price on Tuesday

By Paul A. Harris

St. Louis, May 5 - Avaya Inc. intends to sell a $175 million add-on to its 11 1/8% senior secured notes due April 1, 2009 (B2/B+) on Tuesday, according to a syndicate source.

Citigroup and Credit Suisse First Boston are joint bookrunners on the public offering.

Proceeds will be used for general corporate purposes including, but not limited to, the repurchase of the company's LYONs due 2021.

The Basking Ridge, N.J. firm provides software that integrates voice and data services.

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