Avaya redeems remaining $164 million notes from Tenovis acquisition

New York, May 23 - Avaya Inc. said it redeemed the remaining $164 million principal amount of secured floating-rate notes due 2013 on May 17.

The Basking Ridge, N.J., company assumed the notes as part of its acquisition of Tenovis in November 2004.

Previously Avaya had repaid $103 million of the notes.

Avaya paid $162 million to redeem the notes and terminated related interest rate swaps at a cost of $4.7 million, according to a 10-Q filing with the Securities and Exchange Commission.

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