Abry-Backed Alvaria Scores New Capital in Restructuring Deal (1)

Alvaria Inc., a provider of software to call centers, struck a deal with lenders to raise fresh cash and restructure existing debt, according to people with knowledge of the agreement.

• A group of lenders will provide $78 million in new debt to the Abry Partners-backed firm, said the people, who asked not to identified discussing a private matter
• Some of the restructured debt will receive interest that is paid in-kind instead of cash
• A second phase of the deal, which has not yet closed, will allow some additional lenders to participate in the financing at different terms than ...