Goodwin advised iRobot Corporation (NASDAQ:IRBT), a global consumer robot company, in connection with a $200 million senior secured term loan financing provided by Carlyle and its affiliates to fund its ongoing operations. The financing effort was led by debt finance partners Kristopher Ring and Hugh O’Sullivan, debt finance associates Reid Bagwell, Ruby Wong, Kirsten Kovats and Natalie Ong, tax partner Steve Clemens, tax associate Nicole Brock, ERISA and executive compensation partner Alexandra Denniston, ERISA and executive compensation associate Morgan Frisoli, technology and life sciences partner Stephen Charkoudian, technology and life sciences counsel Kenneth Radcliffe, technology and life sciences associate Jason Yeoun, global trade partner Richard Matheny and global trade associate Justin Pierce, financial restructuring partner Kizzy Jarashow, trainee solicitor George Fagan, summer associate Joe Kitaj and paralegals Sarah Mackin and Jackie Serrano.
At the same time, Goodwin also advised iRobot in an amendment to the existing terms of its previously announced merger agreement with Amazon.com, Inc. to modify the price per share payable in the merger, which reflects the incurrence of iRobot’s new debt. Completion of the merger remains subject to customary closing conditions.
This amendment to the merger agreement was led by Mark Bettencourt, Stuart Cable, Joshua Zachariah, Gregg Katz and James Ding, and included Jack Rosen, Ziqian Tao, Yifeng Yuan, Candice Wang, Paul Rosie, Sne Sadhu, Andrew Lacy, Sarah Jordan, Elliot Silver, Anuj Ghai, Deborah Birnbach and Jordan Benson.
For additional details on the transactions, please read the press release.