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General

Riverbed agrees takeover by Apollo in debt restructuring

Tuesday 19 October 2021 | 14:16 CET | News
Riverbed Technology announced an agreement with its shareholders and lenders to restructure the company's debt and provide new financing for going forward. The deal should reduce debt by over USD 1 billion and provide a USD 100 million cash infusion. Once completed, Apollo Global Management will become the majority owner of the company through its managed investment funds.

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Categories: General
Companies: Riverbed Technology
Countries: World
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