Weakest Links: Avaya is only PE-backed company to default so far in 2017

S&P, Weakest Links, private equity, default, bankruptcy, Avaya
  • 79 PE-backed companies make S&P list
  • Companies represent $147.5 bln in affected debt.
  • Consumer products leads with 19 companies; media leads in dollar amount
Avaya Inc, a wireless data communications company backed by Silver Lake Partners and TPG Capital, is the only PE-backed company to default so far in 2017, according to the Standard & Poor’s first-quarter Weakest Links report. Avaya, which holds more than ...

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