Apollo-Backed Riverbed Gets Forbearance as It Seeks M&A Options

Riverbed Technology Inc. entered into a six-week forbearance agreement with lenders, after the company last week elected to skip a cash interest payment on its loan, according to people with knowledge of the matter.

The San Francisco-based information technology company has been exploring strategic options, including potential asset sales, said the people, who asked not to be identified because the matter is private.

A representative for the company declined to comment.

Some of the lenders to the firm have been holding confidential talks with the company amid mounting liquidity issues, Bloomberg reported. The discussions between Riverbed and its lenders are ...