Home Credit Ratings and Research S&P Global Ratings’ Credit Research Riverbed Parent, Inc.

Bulletin: Riverbed CEO's Resignation Shouldn't Immediately Affect The Company's Performance And Debt Reduction

Published Oct 03, 2019

2 pages (968 words) — Published Oct 03, 2019

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Abstract:

NEW YORK (S&P Global Ratings) Oct. 3, 2019--S&P Global Ratings said today that it views the resignation of Paul Mountford as president and CEO of performance software solutions provider Riverbed Parent Inc. negatively. However, we don't believe it immediately undermines the company's ability to stabilize its performance and materially reduce its outstanding debt, nor does it signal looming risk of a distressed debt exchange. The resignation follows the July 2019 resignation of Chief Financial Officer John Theler. David Murphy, Riverbed's current chairman of the board, Thoma Bravo senior operating partner, and former president and chief operating officer of Blue Coat Systems, has been appointed interim CEO while the company undertakes a search for a permanent one.

Report Type:

Bulletin

Issuer

Riverbed Parent, Inc.

GICS

IT Consulting & Other Services (45102010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Research Update: Riverbed Parent Inc. Downgraded To 'CCC' On Continuing Revenue Declines And Looming Debt Maturities, Outlook Negative – 2020/11/25 – US$ 225.00

Research Update: Riverbed Parent Inc. Downgraded To 'CC' On Announced Debt Exchange; Outlook Negative – 2020/12/03 – US$ 225.00

Research Update: Riverbed Parent Inc. Downgraded To 'SD' Following Completed Distressed Exchange; Debt Ratings Lowered To 'D' – 2021/01/08 – US$ 225.00

Research Update: Riverbed Parent Inc. Upgraded To 'CCC+' From 'SD' Following Completed Debt Restructuring, Outlook Negative – 2021/01/26 – US$ 225.00

Research Update: Riverbed Parent Inc. Downgraded To 'CCC' And Placed On CreditWatch Negative On Elevated Refinancing Risk – 2021/09/16 – US$ 225.00

Research Update: Riverbed Parent Inc. Downgraded To 'CCC+', Outlook Negative On Continued Weak Operating Performance – 2019/08/23 – US$ 225.00

Research Update: Riverbed Parent Inc. Downgraded On Weak Performance; Outlook Negative – 2019/04/02 – US$ 225.00

Research Update: Riverbed Parent Inc. Outlook Revised To Stable From Negative On Expected Leverage Fall; 'B' Rating Affirmed – 2018/08/21 – US$ 225.00

Summary: Riverbed Parent Inc. – 2018/01/02 – US$ 225.00

Riverbed Parent Inc. 'B' Rating Outlook Revised To Negative On Operational Weakness And Rising Leverage – 2017/05/11 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Riverbed CEO's Resignation Shouldn't Immediately Affect The Company's Performance And Debt Reduction" Oct 03, 2019. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Riverbed-CEO-s-Resignation-Shouldn-t-Immediately-Affect-The-Company-s-Performance-And-Debt-Reduction-2312210>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Riverbed CEO's Resignation Shouldn't Immediately Affect The Company's Performance And Debt Reduction Oct 03, 2019. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Riverbed-CEO-s-Resignation-Shouldn-t-Immediately-Affect-The-Company-s-Performance-And-Debt-Reduction-2312210>

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