Mon 05/08/2023 15:18 PM
Riverbed Technology is exploring a dual-track of a sale and an in-court restructuring, according to sources.
To the extent the IT services provider of user experience and network performance monitoring and wide area networks is not able to execute a sale satisfactory to the company and its lenders, Riverbed would file for chapter 11 to restructure, the sources said.
The company previously entered into a forbearance agreement with lenders after skipping an interest payment, according to...
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