Avaya Taps Legal Advisers After Earnings Miss

Avaya Holdings Corp. tapped law firm Kirkland & Ellis LLP to advise the company on its options following an earnings miss that tanked prices of a $600 million debt deal completed in June, according to people familiar with the matter.

The cloud-communications company also said Tuesday that there is substantial doubt about its ability to continue as a going concern in light of a debt maturity next year and third-quarter revenues that came in “substantially lower” than Avaya expected.

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