The Firm represented SimpliSafe, Inc. (“SimpliSafe”) in connection with the refinancing of, and entering into, new $800 million credit facilities, consisting of a $600 million first lien term loan credit facility, a $75 million first lien delayed draw credit facility and a $125 million first lien revolving credit facility.
SimpliSafe, which was backed by Hellman & Friedman in 2018, provides thoughtfully-designed technology with industry-leading professional monitoring, all at fair and honest prices with no long-term commitments. In addition to its advanced technology, SimpliSafe has delivered strong economic results in large part due to its industry-leading customer satisfaction levels, which have translated into high customer loyalty for its subscription offering.
The Simpson Thacher team included Brian Steinhardt, Dennis Durkin and Roman Ibragimov (Banking and Credit); Jackie Clinton and Ruoxi Zhang (Tax); Jeanne Annarumma (ECEB); and Courtney Welshimer (Intellectual Property).