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WSJ Article: Avaya’s Collapsing Debt Deal Hits Clients of Goldman & JPMorgan, Quotes Advantage Data Inc.

August 10, 2022

The Advantage Data Workstation, a Solve Advisors product, was quoted in Wall Street Journal’s recent piece by Matt Wirz analyzing the $600 million debt deal that Goldman Sachs Group Inc. and JPMorgan Chase recently issued for Avaya Holdings Corp. Weeks after, Avaya announced that it would miss it’s earnings forecast by more than 60% in the third quarter. Solve data showed that the paper losses exceeded $100 million and that “the newly issued loans were quoted around 65 cents on the dollar Tuesday, down from 87 cents in late July.”

Read Matt Wirz’s Article Here.

About Solve Advisors, Inc.

Founded in 2011, Solve’s mission is to deliver transparency to the famously opaque Fixed Income market. We provide the Fixed Income industry with the most comprehensive, accurate, and real-time pricing information and market color available.

Powered by machine learning and natural language processing, our sophisticated, flexible technology collects more data and market color when and how you need it. We house the largest dataset (4MM+) of bids, offers, and market color across five asset classes (Structured Products, Corporates, Convertibles, Bank Loans, CDS, and Municipals). Our powerful workflow tools eliminate the hassle of the BWIC process, consolidate dealer inventories, and streamline month-end for the back office, all in one place and at your fingertips.

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