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Avaya Lenders Tap Centerview, Alvarez as Advisers Amid Debt Battering

  • Secured lenders organize after earnings miss and new loan deal
  • Hiring marks latest step in negotiations with software company
Avaya Holdings Corp. headquarters in Santa Clara, California.

Avaya Holdings Corp. headquarters in Santa Clara, California.

Photographer: David Paul Morris/Bloomberg
Updated on

A group of Avaya Holdings Corp. debt holders hired advisers to help navigate negotiations with the company after a rapid earnings decline, according to people with knowledge of the matter who asked not to be named discussing a private situation. 

Alvarez & Marsal Inc was tapped as a forensic accountant while Centerview Partners LLC will act as a financial adviser, the people said.