Blacklisted Tech Firm Sandvine Taps Advisers to Tackle Debt Pile
- The US Commerce Department blacklisted the firm last month
- The company has over $400 million in debt maturing next year
Francisco Partners’ computer networking company Sandvine Corp. and some of its lenders tapped advisers to address upcoming debt maturities after the US Commerce Department effectively banned it from obtaining US technology last month, according to people with knowledge of the matter.
The tech firm is working with law firm Kirkland & Ellis, a group of senior lenders is working with lawyers from Paul Weiss Rifkind Wharton & Garrison and junior lenders are being advised by Akin, according to the people, who asked not to be named because the matter is private.