Simpson Thacher represented Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC and J.P. Morgan as representatives of the initial purchasers in connection with Roblox Corporation’s (“Roblox”) offering of $1 billion aggregate principal amount of 3.875% Senior Notes due 2030. The notes were offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The net proceeds of the offering will be used for general corporate purposes.
Roblox is a global online game platform and creation system that allows users take part in user-generated virtual experiences with friends and provides the opportunity for those users to create games and experiences for others. Roblox’s primary areas of investment are their developer and creator community, and the people, technology, and infrastructure required to keep improving the Roblox platform.
The Simpson Thacher team for this transaction included Kevin Kennedy, Bill Brentani, David Azarkh, Karen Reyes and Paul Clatterbuck (Capital Markets); Andrew Purcell and Gurnaina Chawla (Tax); Tristan Brown (ECEB); Genevieve Dorment and Corina McIntyre (Intellectual Property); Abram Ellis and Christine Tillema (Regulatory); Jeanne Annarumma (ERISA); and Jennie Getsin (Blue Sky and FINRA).