Avaya Inc. Plan Summary

 

Put our Chapter 11 expertise & analysis to work for you with BankruptcyData's Plan Summary of Avaya's U.S. Bankruptcy Court-confirmed Second Amended Joint Chapter 11 Plan of Reorganization [Revised].

 

BankruptcyData offers professionals an affordable and convenient way to view extensive real-time and historic information about corporate bankruptcy filings--including detailed, reliable summaries for Chapter 11 Plans.

We filter down all of the information to produce a detailed yet easy-to-digest Plan Summary report. This concise synopsis offers a reliable overview of the entire bankruptcy reorganization process without bogging you down with hundreds of pages of "legalese."

Avaya's Plan Summary explains, "The Revised Second Amended Plan is premised on a global settlement between the Mediation Parties, as further set forth in the First Lien Plan Support Agreement and Crossover Plan Support Agreement, which modifies the First Amended Plan as follows: the First Lien Reorganized HoldCo Equity Distribution will now equal 90.5% of the Reorganized HoldCo Common Stock less the General Unsecured Recovery Equity Reserve (subject to dilution by the Management Equity Incentive Plan and Warrants); the Second Lien Notes Settlement Equity Distribution will now equal 4.0% of the Reorganized HoldCo Common Stock (subject to dilution by the Warrants and the Management Equity Incentive Plan) and each Holder of a Second Lien Notes Claim will also receive its pro rata share of Warrants for an additional 5.132% of Reorganized HoldCo Common Stock; the Second Lien Call Right is eliminated; PBGC will now receive on account of the PBGC Claims 5.5% of the Reorganized HoldCo Common Stock (subject to dilution for the Warrants and for any Reorganized HoldCo Common Stock issued pursuant to the Management Equity Incentive Plan) and the PBGC Cash Consideration will now equal $340.0 million; and the General Unsecured Recovery Cash Pool will be reduced from $60.0 million to $57.5 million, and the Reorganized Debtors will pay the GUC Oversight Administrator Costs incurred after the Effective Date through the first (1st) anniversary of the Effective Date in an amount not to exceed $500,000 in the aggregate."

Premium Subscribers have immediate access to the Plan Summary for Avaya's Second Amended Joint Chapter 11 Plan of Reorganization [Revised]

Work smarter instead of harder with BankruptcyData's Plan Summaries, which include the following:

OVERVIEW OF COMPANY HISTORY, CURRENT OPERATIONS & EVENTS LEADING TO CHAPTER 11
REVIEW OF BANKRUPTCY CASE ACTIVITY & SIGNIFICANT POST-PETITION CORPORATE CHANGES 
PLAN SYNOPSIS PLUS DETAILED BREAKDOWN OF CLAIM TREATMENTS & RECOVERIES BY CLASS 
 

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