Avaya Taps Legal, Financial Advisers to Look at Debt Options

Avaya Holdings Corp. is working with legal and financial advisers to evaluate the company’s options following an earnings miss that tanked prices of a $600 million debt deal completed in June, according to people familiar with the matter.

Avaya is being advised by law firm Kirkland & Ellis LLP and turnaround adviser AlixPartners LLP as the company contends with blowback from credit markets, these people said.