Davis Polk advised an ad hoc group of lenders of Riverbed Technology, Inc. in connection with an extension and exchange transaction for Riverbed’s $1.536 billion term loan facility. The transaction closed on December 31, 2020.
Riverbed is a leading provider of application and network performance management products. Since its inception in 2002, Riverbed has helped the world’s largest organizations maximize the performance of their networks and applications so they can reach the full potential of their IT investments.
The Davis Polk restructuring team included partner Damian S. Schaible, counsel Jon Finelli and associates Yitz Segal, Stephanie Massman and Max J. Linder. Partner Patrick E. Sigmon provided tax advice. All members of the Davis Polk team are based in the New York office.