Simpson Thacher recently represented LPL Financial LLC (“LPL”) in connection with the $1.60 billion refinancing of its current credit facility. The new senior secured credit facility includes a Tranche A Term Loan of $735.0 million maturing in five years, a Tranche B Term Loan B of $615.0 million maturing in seven years and a revolving credit facility of $250.0 million maturing in five years.

LPL provides an integrated platform of brokerage and investment advisory services to approximately 12,800 independent financial advisors and financial advisors at financial institutions across the country and is the market leader with the largest independent advisor base and the fourth largest overall advisor base in the United States. LPL currently has approximately 2,700 employees with headquarters in Boston, Charlotte and San Diego.

The Simpson Thacher team included Brian Steinhardt, Eli Isak and Sarah Graham (Credit), Sarah Dale (ECEB), Danny Salinas (Tax), Mindy Lok (IP) and Mardi Merjian (Real Estate).