Avaya Holdings Corp. (NYSE: AVYA) (“Avaya”), a global leader in solutions to enhance and simplify communications and collaboration has its next earnings report out January 18th 12:00-12:30pm.
Avaya Holdings Corp. (NYSE: AVYA)’s Major holders include Avaya Holdings Corp. insiders hold 17.75% of total outstanding shares, with institutional holders owning 105.77% of the shares at 128.60% float percentage. The top institutional holder is Vanguard Group, Inc. (The) with 9.53 million shares, or 8.61% of shares. Capital World Investors holds the second largest number of shares with 8.37 million shares, or about 7.56% of shares outstanding. Other notable institutional holders include Smallcap World Fund and American Century Small Cap Value Fund.
Avaya Holdings Corp. announced on June 27, 2022, that it secured $600 million in aggregate financing commitments by pricing $350 million in aggregate principal amount of new Senior Secured Term Loans and entering into agreements for the private placement of $250 million in aggregate principal amount of Exchangeable Senior Secured Notes, both due in 2027. This funding was raised from the previously announced offering size of $500 million due to increased demand. The closing of each transaction is expected to occur concurrently and is subject to market and customary closing conditions. The funding is expected to support and accelerate the company’s business model transformation and address its convertible notes maturing in June 2023.
Avaya Holdings Corp. announced December 30, 2022, that it received notice from the New York Stock Exchange (NYSE) indicating that the company is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The company intends to notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the continued listing standards. The company’s common stock will continue to be listed and trade on the NYSE during this cure period, subject to Avaya’s compliance with other NYSE continued listing standards.
About Avaya
Businesses are built by the experiences they provide, and everyday millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA). Avaya is shaping what’s next for the future of work, with innovation and partnerships that deliver game-changing business benefits. Our cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes. Together, we are committed to help grow your business by delivering Experiences that Matter. Learn more at http://www.avaya.com.
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