Simpson Thacher recently represented Carbonite, Inc. in connection with its private offering of approximately $143.8 million aggregate principal amount of 2.5% Convertible Senior Notes due 2022, which amount includes the full exercise of the initial purchasers’ overallotment option. The net proceeds from the offering were used to repay all amounts outstanding under, and terminate, Carbonite’s revolving credit facility, repurchase shares of Carbonite’s common stock and for general corporate purposes, including potential acquisitions.
Carbonite (NYSE: CARB) is a leading provider of cloud and hybrid data protection solutions for small and midsized businesses. Together with its partners, Carbonite supports more than 1.5 million individuals and small businesses around the world who rely on it to ensure their important data is protected, available and useful.
The Simpson Thacher team included Roxane Reardon, Lia Toback, Ben Heriaud and Brian E. Jones (Capital Markets); James Cross, Christine Marshall and Andrew Willinger (Credit); Marcy Geller, Jonathan Cantor and Michael Badain (Tax); Marcela Robledo (Intellectual Property); and Patricia Adams (Executive Compensation and Employee Benefits).