|Bid||2.1000 x 1400|
|Ask||2.1300 x 1800|
|Day's range||2.0100 - 2.2800|
|52-week range||2.0100 - 26.7200|
|Beta (5Y monthly)||1.68|
|PE ratio (TTM)||N/A|
|Earnings date||08 Aug 2022 - 12 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.38|
Investors need to pay close attention to Avaya (AVYA) stock based on the movements in the options market lately.
Rapidly mounting debt and an analyst's price target downgrade were the two punches knocking Avaya Holdings (NYSE: AVYA) stock to the floor on Tuesday. Already heavily burdened by indebtedness, Avaya announced last Friday that it had secured $600 million in new financing. Although Avaya professed to be happy with the arrangement, with CFO Kieran McGrath quoted as saying that it "supports and accelerates our business model transformation and addresses our convertible notes maturing in June of next year," others had a more negative opinion.
RALEIGH-DURHAM, N.C., June 27, 2022--Avaya Holdings Corp. (NYSE: AVYA) (the "Company" or "Avaya") today announced $600 million in aggregate financing commitments. The Company priced $350 million in aggregate principal amount of new Senior Secured Term Loans (the "Term Loan") and entered into agreements for the private placement of $250 million in aggregate principal amount of Exchangeable Senior Secured Notes (the "Notes"), all due in 2027.