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U.S. bankruptcy court judge OKs $425 million for Avaya loan

NEW YORK, Jan 20 A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations.

LPC: Insatiable demand for floating rate assets cuts borrowing costs

NEW YORK, Jan 20 Almost a third of the $875 billion leveraged loan market has taken advantage of huge demand for floating-rate assets to cut pricing on existing debt over the last year, shaving interest payments by millions of dollars, and the floodgates are still wide open, lenders said.

UPDATE 2-Telecommunications company Avaya files for bankruptcy

WILMINGTON, Del, Jan 19 Telecommunications company Avaya Inc filed for Chapter 11 bankruptcy on Thursday to reduce its debt load of about $6.3 billion but said it would not sell its call center business, which it had tried to do last year.

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Trump, now president, pledges to put 'America First' in nationalist speech

WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an "American carnage" of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. | Video