Thread regarding Avaya layoffs

Avaya’s $1.5 Billion in Leveraged Loans Fall on Profit Forecast

Bloomberg Law May 10, 2022
(Most relevant for predicting future layoffs).

Leveraged loans of Avaya Holdings fell seven points on Tuesday after the communication software and services company reduced its full-year earnings forecast to below the consensus analysts estimate.

Avaya’s ~$743 million TLB-2 loan and $800 million TLB-1 loan each fell about 7 cents on the dollar to a range of 87-89 cents, according to people with knowledge of the matter, who asked not to be identified.
The TLB-1 was around 97.00 - 97.75 and B2 was 96.75 - 97.5 cents on the dollar on Monday, the people said
Avaya cut its adjusted earnings per share guidance for the full year; ...

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Post ID: @OP+1gNYUwnE

2 replies (most recent on top)

This is a bloodbath.
All of the lies and redirection has caught up to them.
Game over. Let's hope someone good is willing to offer to buy them. It's the only hope to get the stick price to move any at this point. We know "cloud"(other wise known as a subscription deal) is not going to change EBITDA or EPS

Post ID: @6oku+1gNYUwnE

That’s not the only thing it will cut. Staff cuts will ultimately (continue to) follow then followed by a sell off of its customer base. It will be like that neighbor that has the yard sale before the bank forecloses everything must go!

Post ID: @4qdq+1gNYUwnE

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