Riverbed Technology, Inc.
The firm represented Riverbed Technology in its chapter 11 filing in Delaware. The debtor filed for bankruptcy protection to implement a prepackaged restructuring plan that would erase $1 billion in debt and provide an infusion of $100 million of new equity capital into the business, as it sought to recover from the financial impact of the COVID-19 pandemic. Only two weeks after the case commenced, the debtor received court approval for its plan, which received support from all 604 lenders entitled to vote on the plan.