The Firm represented JPMorgan Chase Bank, N.A. as administrative agent in Robinhood Securities LLC’s entry into a $3.25 billion 364-day senior secured revolving credit facility.
Robinhood Securities, a wholly-owned subsidiary of Robinhood Markets, Inc., provides online and mobile application-based discount stock brokerage solutions and delivers them through a cloud platform supported by proprietary technology. It serves clients worldwide. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fraud detection, derivatives, fractional shares and recurring investments.
The Simpson Thacher team included Alexandra Kaplan, Matthew Farrell, Win Lalley, Yaakov Mozes and Sean Xu (Banking & Credit); and Michael Mann (Tax).