Avaya Completes $1.38 Billion Exchange Offer
A team of Ropes & Gray attorneys advised Avaya
in an exchange offer in which it exchanged an aggregate principal amount of $1,384,354,243 in unsecured notes for a newly issued series of secured notes, in conjunction with a solicitation of consents for certain proposed amendments to the indenture governing the unsecured notes. The exchange offer commenced on Feb. 1 and expired in accordance with its terms on March 4.
The Ropes & Gray team included securities & public companies partner Julie Jones
, finance partners Byung Choi
and Michael Lee
, and tax partner Lee Allison