Morgan Stanley Launches Avaya Deal, Citi No Longer Left Lead

24 Jul 2008

Morgan Stanley launched Avaya's buyout financing last Tuesday, heading the bank meeting as left lead after the original left lead, Citigroup, unloaded its own exposure.

Morgan Stanley launched Avaya's buyout financing last Tuesday, heading the bank meeting as left lead after the original left lead, Citigroup, unloaded its own exposure. The credit backs Silver Lake and TPG's $8.3 billion acquisition of the telecommunications company. A $3.8 billion senior secured term loan was brought ...

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