iRobot Corporation entered into a First Amendment to Amended and Restated Credit Agreement to its existing unsecured revolving credit facility with Bank of America, N.A. dated December 20, 2013, and a First Amendment to Amended and Restated Reimbursement Agreement to its existing reimbursement agreement with the Lender dated December 20, 2013.
Each of the Credit Facility Amendment and the Reimbursement Agreement Amendment provides for, among other things, the extension of the maturity date from December 20, 2018 to June30, 2023. The Credit Facility Amendment also provides for (i) the increase of the amount of the revolving line of credit available for borrowing from $75 million to $150 million; (ii) the increase of the amount of the incremental borrowing available under the Credit Facility at the Company’s option from $50million to $75million; and (iii) the increase of the minimum deposit requirements and related fees.