avaya holdings corp said tuesday that it and all of its us subsidiaries filed for bankruptcy a little more than five years after emerging from its previous bankruptcy the business communication company said it entered a financial restructuring agreement that will reduce its debt by more than 75 from 34 billion to about 800 million the company said it has secured about 780 million in financing including 628 million in debtorinpossession financing that will allow it to operate its business as usual the stock which was currently halted for news has plummeted 825 over the past three months while the sp 500 spx has gained 42 the company last emerged from bankruptcy in december 2017 about 12 months after filing