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Wilson Sonsini Advises Dropbox on $2 Billion Secured Credit Facility
December 16, 2024
Source: WSGR
On December 11, 2024, Dropbox announced that it entered into a Credit and Guaranty Agreement for a secured term loan facility in an aggregate principal amount of up to $2 billion, consisting of initial term loans in an aggregate principal amount of up to $1.0 billion and delayed draw term loans in an aggregate principal amount of up to $1.0 billion. The facility was led and substantially provided by Blackstone Credit & Insurance, who served as lead arranger and lead structuring agent. The proceeds of the term loans may be used for working capital and general corporate purposes, including share repurchases.
Wilson Sonsini Goodrich & Rosati advised Dropbox on the transaction.
The Wilson Sonsini team that advised Dropbox on the transaction includes:
Corporate
Lisa Stimmell
Andrew Gillman
Corporate Finance
John Mao
Michael Rosati
Jill Fulwiler
Andrew Ralston
Jason Koo
Roshanne Arathoon
Jiyoon Song
Fintech and Financial Services
Amy Caiazza
Alice Cao
