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Latham & Watkins Represents Carlyle in Providing a US$200 Million Secured Financing to iRobot

July 25, 2023
Cross-border team advises the global investment firm on a financing facility to fund the consumer robotics company’s ongoing operations.

Carlyle (NASDAQ: CG) announced on July 25, 2023 that the global investment firm closed a US$200 million senior secured term loan to iRobot Corp. (NASDAQ: IRBT), a leader in consumer robotics. Amazon (NASDAQ:AMZN) and iRobot previously announced on August 5, 2022 that they have entered into a definitive merger agreement under which Amazon will acquire iRobot.

Latham & Watkins LLP represented Carlyle in the financing facility with a New York banking team led by partners Stelios Saffos, Peter Sluka, and counsel Marcela Ruenes, with associate Julio Martinez Rivas. Advice was also provided on corporate matters by Washington, D.C. partner Cory Tull, with associate Zach Lippman; on tax matters by New York partner Jocelyn Noll; on intellectual property matters by New York partner Jeffrey Tochner; on ERISA matters by New York counsel Rifka Singer; on uniform commercial code matters by New York partner Brian Rock; on UK banking matters by London partners Bruce Bell and Dan Maze, with associate Hamzah Hussain; on Japan corporate matters by Tokyo partner Hiroki Kobayashi; on antitrust matters by Washington, D.C. partner Ian Conner, Century City/Washington, D.C. partner Makan Delrahim, and Brussels partners Carles Esteva Mosso and Héctor Armengod; on restructuring matters by New York partner David Hammerman and Chicago partner James Ktsanes; and on public company representation matters by New York partner Jenna Cooper, with associate Katie Marren.