S&C Advises Robinhood in $2.275 Billion Secured Revolving Credit Facility

April 18, 2022

Robinhood Securities, a clearing broker-dealer entity and a wholly owned subsidiary of Robinhood Markets, entered into an agreement in which a syndicate of banks led by JP Morgan Chase will provide Robinhood with a secured revolving credit facility of up to $2.275 billion.
The S&C team included Ari Blaut, Joyce Kwok and Shray Gupta. Jeff Hochberg, Saul Brander and Ellen Kim advised on tax matters. Tracey Russell advised on broker-dealer matters.