Davis Polk advised Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as joint lead arrangers and Merrill Lynch, Pierce, Fenner & Smith Incorporated as arranger in connection with Riverbed Technology, Inc.’s new $575 million senior secured term loan facility. The facility was used by Riverbed to fund the acquisition of OPNET Technologies, Inc., which closed concurrently with the financing.
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization.
OPNET Technologies, Inc. is a leading provider of solutions for application and network performance management. OPNET’s best-in-class solutions address application performance management, network performance management and network R&D.
The Davis Polk credit team included partners Bradley Y. Smith and James A. Florack and associates Peter T. Bazos and Mhairi C. Immermann. Partner Frank J. Azzopardi and associate Randy Samson provided intellectual property advice. Richard A. Harrison was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York office.
