Riverbed's Ch. 11 Plan To Slash $1.1B Of Debt Approved

By Vince Sullivan (December 3, 2021, 5:54 PM EST) -- Bankrupt information technology company Riverbed Technologies Inc. received court approval Friday in Delaware for its Chapter 11 plan that slashes $1.1 billion of debt from its balance sheet just two weeks after its bankruptcy case commenced.

During a videoconference hearing, debtor attorney Christopher S. Koenig of Kirkland & Ellis LLP said Riverbed had reached an agreement with unsecured noteholders that resolved the only remaining opposition to the plan, allowing it to go forward on a fully consensual basis.

That agreement calls for unsecured noteholders — originally slated for no recovery under the plan — to receive $2.88 million in cash for...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!