Riverbed Technology, Inc. announced a private placement of series A convertible preferred shares for gross proceeds of $100,000,000 on October 13, 2021. The round will include participation from Apollo Capital Management, L.P., INVESCO Senior Secured Management, Inc., Diameter Capital Partners LP, Angel Island Capital Management, Llc, Nuveen Asset Management LLC, Teachers Advisors, LLC, Eaton Vance Corp., and returning investor Thoma Bravo, L.P. The preferred shares will carry dividends at a rate of 6.5% a year, of which 1.5% would be payable in cash and 5% accrued.

On the same day, the company received $65 million in its first tranche.