Avaya debt deal hits Goldman and JPMorgan customers


A $600 million debt deal that Goldman Sachs Group Inc.. and JP Morgan Chase & Co. recently arranged for Avaya Holdings Corp.. went wrong in a few weeks.

The two banks sold new loans and bonds for Avaya, a cloud communications company, in late June. Investors included Brigade Capital Management LP and Symphony Asset Management LLC, people familiar with the matter said.


Wj

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