Simpson Thacher Represents JPMorgan in Amendment and Restatement of $5 Billion Credit Facility for PayPal
The Firm represented JPMorgan Chase Bank, N.A. in connection with an amendment and restatement of PayPal Holdings, Inc.’s credit agreement, which provides for an unsecured $5 billion 364-day delayed-draw term loan credit facility.
The Simpson Thacher team working on the transaction included Patrick Ryan, Benjamin Persina and Sonia Gupta (Banking and Credit).