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Avaya: messy rescue financing shows an earlier reckoning was in order
电信公司Avaya:不看利润预警,反复融资终会玩脱

US telecom company’s market worth has fallen to under $100mn, squashed by $3bn of debt
这家美国电信公司的市值已跌至1亿美元以下,被30亿美元的债务压垮。

What did Avaya’s bosses know and when did they know it? The troubled US telecom company raised $600mn of new debt in June in the form of a new loan plus convertible bonds. These were hairy transactions. Avaya was already struggling with heavy leverage and an underlying business in decline. Then everything got worse.

Avaya的老板们知道什么,他们什么时候知道的?这家陷入困境的美国电信公司在6月份以新贷款和可转换债券的形式筹集了6亿美元的新债务。这些都是棘手的交易。Avaya已经在与沉重的杠杆和衰退的基本业务作斗争。然后一切变得更糟。

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