Pinterest expands five-year revolving credit facility to $700 million from $500 million

Bitget2026/10/15 20:37

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Pinterest entered a five-year $700 million revolving credit facility on October 15, 2026, with JPMorgan Chase as administrative agent.
The facility replaces a $500 million revolving credit facility; no amounts were outstanding under the new facility at signing.
An accordion option permits additional commitments up to the greater of $1 billion or 75% of consolidated EBITDA, subject to conditions.
Borrowings bear adjusted term SOFR plus 1.25% or an alternative base rate plus 0.25%, at the company's election.
The maximum net leverage ratio is 3.5 times, temporarily rising to 4 times following an acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pinterest Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001506293-26-000143), on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pinterest expands five-year revolving credit facility to $700 million from $500 million

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