The Firm represented JPMorgan Chase Bank, N.A. as administrative agent in Robinhood Securities LLC’s entry into a $2.25 billion 364-day senior secured revolving credit facility.
Robinhood Securities, a wholly owned subsidiary of Robinhood Markets, designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments and IPO Access.
The Simpson Thacher team included Alexandra Kaplan, Matthew Farrell, Leah Tendler and Nicolle Heagney (Banking & Credit); Michael Mann (Tax); and Pasco Struhs (ERISA).