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Riverbed 301-01 : Riverbed Certified Solutions Associate - Application Delivery Exam

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Latest December 2021 Updated Syllabus
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Exam Number : 301-01
Exam Name : Riverbed Certified Solutions Associate - Application Delivery
Vendor Name : Riverbed
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Riverbed - genuine Questions

Riverbed Initiates next Steps to put into effect Recapitalization and toughen economic place | 301-01 boot camp and Practice Questions

technique Will reduce Debt by means of more than $1 Billion and supply $a hundred Million money Infusion

Plan approved by using 100% of voting Lenders; court docket-Supervised process anticipated to be completed in Mid-December

continuing to convey business-main conclusion-to-conclusion Visibility and community efficiency and Acceleration solutions

SAN FRANCISCO, November 17, 2021--(company WIRE)--Riverbed expertise ("Riverbed" or the "company") nowadays announced that it has taken the subsequent steps in its recapitalization, voluntarily taking off Chapter 11 situations to implement its "prepackaged" financial restructuring plan to cut back the company’s debt through more than $1 billion and supply the business with an further $35 million money infusion, positioning the enterprise for long-term success. Lenders preserving one hundred% of Riverbed’s funded secured debt have now accepted the transactions contemplated within the up to now introduced Restructuring guide contract, which may be carried out through an accelerated court docket-supervised method.

"we're continuing to circulation forward with their accelerated recapitalization, wherein they can reduce their debt by means of more than $1 billion, add a complete of $a hundred million of investment capital and, in doing so, vastly simplify their balance sheet and gasoline their next part of growth," mentioned Dan Smoot, President and CEO of Riverbed know-how. "After absolutely evaluating the different mechanisms by which to enforce the recapitalization, their evaluation made it clear that Riverbed might achieve a cleaner, greater financially a good idea outcomes with the aid of employing the court docket-supervised technique, setting their enterprise up for even better growth and innovation opportunities sooner or later. Riverbed is a important technology provider, as validated by way of their potent double-digit bookings increase for their superior visibility options, and with their impressive enterprise, proficient group, market-valuable technology and super brand, this technique will most effective make us more suitable. They expect this to be seamless for their stakeholders, including valued clientele and companions, and they look forward to finishing the court docket-supervised technique."

Story continues

Mr. Smoot endured, "The overwhelming guide we’ve got from their investors is a testomony to their self assurance in their growth possibilities and in Riverbed following the recapitalization. in addition, considering that they introduced this construction, many of their consumers and enterprise companions have voiced their aid and confidence in Riverbed. i'd additionally want to thank their gifted crew participants, who were unwavering of their focal point and dedication to offering leading end-to-end visibility and network efficiency and acceleration options to their shoppers."

"we are pleased to continue their long-time period assist of Riverbed during this next chapter as they reinforce their monetary position to bring main efficiency and visibility solutions to companies world wide," mentioned Apollo partner Chris Lahoud. "Riverbed has an outstanding crew and powerful market opportunities, and we're confident in their approach to bring inventive consumer options and long-time period profitable boom."

As up to now introduced on October 13, 2021, the enterprise entered right into a Restructuring aid contract with its equity sponsors and an ad hoc neighborhood of lenders (the "ad Hoc group") preserving a super-majority of its funded secured debt. once the restructuring transactions, that are field to common closing situations, are finished, the ad Hoc group of institutional buyers including Apollo, will turn into the bulk house owners of Riverbed via their managed dollars.

To put into effect the prepackaged plan, the company has voluntarily filed for reorganization beneath Chapter 11 of the chapter Code in the united states chapter courtroom for the District of Delaware and expects to efficaciously comprehensive its fiscal restructuring process and emerge in mid-December. Riverbed’s operations and the acceleration of its approach will continue as average. In connection with the submitting, Riverbed has filed a few established motions with the courtroom searching for authorization to guide its operations while the manner is ongoing.

Riverbed’s advisors encompass Kirkland & Ellis LLP as felony suggestions, AlixPartners as restructuring advisor, and GLC Advisors & Co. as funding banker.

The advert Hoc neighborhood’s advisors include White & Case LLP as felony assistance and Centerview companions as monetary guide. Davis Polk & Wardwell LLP is appearing as counsel to certain participants of the advert Hoc neighborhood.

About Riverbed

Riverbed allows for businesses to maximize visibility and performance throughout networks, purposes and conclusion-person contraptions, for you to totally capitalize on their IT, hybrid place of work and digital investments. Riverbed solutions permit organizations to visualize, optimize, remediate and speed up the efficiency of any community for any utility, whereas supporting business pursuits to mitigate cybersecurity risk and increase the digital experience for all end users. Riverbed presents two top of the line-in-classification product traces: conclusion-to-end visibility options – together with community efficiency management and Digital experience administration (APM and EUEM) – that gives you actionable insights; and community and acceleration solutions, together with software acceleration (SaaS, client and cloud acceleration), WAN optimization, and enterprise-grade SD-WAN. Riverbed’s 30,000+ purchasers consist of 95% of the Fortune one hundred. study extra at riverbed.com.

ahead-searching Statements

This press free up includes "forward-searching statements" regarding future movements. forward-looking statements contain words corresponding to "predict," "anticipate," "could," "may still," "intend," "plan," "believe," "are seeking," "see," "can also," "will," "would," "target," and identical phrases or expressions. ahead-searching statements are in response to administration’s current expectations, beliefs, assumptions and estimates and can include, as an example, statements regarding their pursuing insurance plan under Chapter eleven of the bankruptcy Code (the "Chapter 11 instances"), the business’s capacity to complete the restructuring and its capability to proceed operating in the standard path while the Chapter 11 circumstances are pending. These statements are area to tremendous risks, uncertainties, and assumptions which are elaborate to foretell and could cause genuine consequences to differ materially and adversely from these expressed or implied in the forward-looking statements, together with hazards and uncertainties regarding the enterprise’s capacity to efficaciously finished a restructuring under Chapter eleven, together with: consummation of the restructuring; talents antagonistic effects of the Chapter 11 situations on the enterprise’s liquidity and outcomes of operations; the company’s ability to attain timely approval via the bankruptcy court with admire to the motions filed within the Chapter eleven situations; objections to the enterprise’s recapitalization technique or other pleadings filed that might protract the Chapter eleven cases; employee attrition and the business’s means to hold senior administration and other key personnel because of the distractions and uncertainties; the business’s potential to comply with financing preparations; the company’s means to preserve relationships with suppliers, shoppers, personnel and other third events and regulatory authorities because of the Chapter 11 instances; the consequences of the Chapter eleven situations on the business and on the pursuits of numerous constituents, including holders of the enterprise’s standard inventory; the chapter court’s rulings within the Chapter 11 instances, including the approvals of the terms and prerequisites of the restructuring and the influence of the Chapter 11 situations commonly; the length of time that the business will function under Chapter eleven coverage and the endured availability of operating capital all over the pendency of the Chapter eleven circumstances; dangers linked to third birthday celebration motions in the Chapter eleven circumstances, which can also intervene with the company’s capacity to consummate the restructuring or an alternative restructuring transaction; accelerated administrative and criminal fees involving the Chapter 11 method; advantage delays in the Chapter eleven system because of the consequences of the COVID-19 virus; and other litigation and inherent hazards involved in a bankruptcy system. These hazards and uncertainties could cause exact future consequences to be materially distinctive than these expressed in such forward-searching statements. The business has no responsibility to replace or revise these forward-searching statements and does not undertake to do so.

View supply version on businesswire.com: https://www.businesswire.com/information/domestic/20211116006485/en/

Contacts

Shawn DainasRiverbed Technology415-527-4537shawn.dainas@riverbed.com

Meaghan Repko / Jed RepkoJoele Frank, Wilkinson Brimmer Katcher212-355-4449 / 415-869-3950

Apollo:

For investors:Noah GunnGlobal Head of Investor RelationsApollo international management, Inc.(212) 822-0540IR@apollo.com

For Media:Joanna RoseGlobal Head of corporate CommunicationsApollo international management, Inc.(212) 822-0491Communications@apollo.com


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