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Avaya buys back $129 million of 2.25% convertible notes due 2023
By Marisa Wong
Los Angeles, July 14 – Avaya Holdings Corp. repurchased about $129 million of its 2.25% convertible senior notes due 2023 using proceeds from incremental loans, according to an 8-K filing with the Securities and Exchange Commission.
After the buyback made on July 12, a total of $221 million of the notes will remain outstanding.
Avaya is a Santa Clara, Calif.-based provider of communication software and services for enterprises.
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