Debevoise Advises Largest Purchaser of Avaya Exchangeable Secured Notes

15 July 2022

Debevoise & Plimpton LLP has advised the largest purchaser of 8% Exchangeable Senior Secured Notes issued by Ayava, Inc., a global leader in digital communications products, solutions and services. The transaction, which included $600 million in financing from a combination of term loans and notes, closed on July 12, 2022.   

The Debevoise team was led by finance partner Paul Brusiloff, restructuring partner Sidney Levinson and capital markets partner Nicholas Pellicani and included tax partner Michael Bolotin, finance associate Julia Chen, restructuring associates Isabella Cusano and Rory Heller and capital markets law clerk John Jacob.