Avaya’s Collapsing Debt Deal Hits Clients of Goldman, JPMorgan

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A $600 million debt deal that Goldman Sachs Group and JPMorgan Chase & Co. not too long ago organized for Avaya Holdings went dangerous inside weeks.

The 2 banks offered new loans and bonds for Avaya, a cloud-communications firm, in late June. Buyers included Brigade Capital Administration LP and Symphony Asset Administration LLC, folks accustomed to the matter mentioned.

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