New York, February 12, 2015 -- Moody's Investors Service ("Moody's") assigned to Riverbed Technology, Inc. (Riverbed) a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating (PDR). Moody's also assigned a B1 to Riverbed's proposed first lien credit facilities consisting of a revolving credit facility and term loan, and assigned a Caa1 to Riverbed's proposed senior unsecured notes. The proceeds from the new debt issuances with about $1.5 billion of sponsor equity will be used to finance the acquisition of Riverbed by private equity sponsors Thoma Bravo, LLC and Teachers' Private Capital for approximately $3.6 billion in an all cash transaction. About $510 million of Riverbed's existing debt will be refinanced. The ratings outlook is stable.

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