Simpson Thacher Represents JPMorgan Chase Bank, N.A. in Dropbox, Inc.’s $400 Million Revolving Credit Facility
Simpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent, collateral agent, joint lead arranger and bookrunner in connection with Dropbox, Inc.’s (“Dropbox”) entry into a new $400 million secured revolving credit facility (the “Revolving Credit Facility”). The proceeds of borrowings under the Revolving Credit Facility may be used for working capital and general corporate purposes, including share repurchases.
Dropbox is a global collaboration platform where content is created, accessed and shared with the world. With more than 700 million registered users across approximately 180 countries, Dropbox is on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, California, and has employees around the world.
The Simpson Thacher team included Jessica Tuchinsky, Matthew Farrell and Khalia Williams (Banking and Credit); George Gerstein and Christopher Torikoglu (ERISA); Courtney Welshimer and Paige Brinton (Intellectual Property); Jonathan Pall (Collateral); and Michael Mann (Tax). Summer Associate Senna Hahn provided valuable assistance.