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Simpson Thacher Represents J.P. Morgan in DealerTrack Financing Transaction

04.27.11

Simpson Thacher represented J.P. Morgan, as administrative agent and lead arranger, in connection with $125 million of senior secured revolving credit facilities for borrowers DealerTrack Holdings, Inc. (“DealerTrack”) and DealerTrack Canada, Inc., a DealerTrack subsidiary. 

DealerTrack provides software solutions and services, which enhance efficiency and profitability for all major segments of the retail automotive industry, including dealers, lenders, OEMs, agents and aftermarket providers.

The Simpson Thacher team included Patrick Ryan, Colette Pollitt and Samantha Braunstein (Banking and Credit); Keren Siman-Tov (Intellectual Property); Jonathan Talansky and Anthony Minervini (Tax); Alvin Brown and David Schneider (Executive Compensation and Employee Benefits); Mardi Merjian (Real Estate); Erik Hepler and Jonathan Pall (UCC); and paralegals Alan Stein and Lauren Koffler.