NEW YORK (S&P Global Ratings) Dec. 21, 2021--S&P Global Ratings today discontinued all of its ratings on Riverbed Parent Inc. and Riverbed Technology Inc., including our 'D' issuer credit ratings, following the completion of the company's financial restructuring and subsequent emergence from Chapter 11 bankruptcy. We understand that Riverbed reduced its debt by over $1 billion and received $100 million of new cash through this process. Moreover, after emerging from these proceedings, an ad hoc group of institutional investors led by Apollo are now its new majority owners (through their managed funds), taking over from affiliates of financial sponsor Thoma Bravo, which had controlled the company since April 24, 2015. General Criteria: Environmental, Social, And Governance Principles In Credit Ratings,
