DoorDash amends credit facility, raising revolver to $800.0 million from $400.0 million
DoorDash amended and restated its revolving credit agreement on April 26, 2024, increasing the unsecured revolving facility from up to $400.0 million to up to $800.0 million and raising the letter of credit sublimit from $200.0 million to $600.0 million. As of April 26, 2024, no revolving loans were drawn and $111.4 million in letters of credit were outstanding, and the facility now runs to April 26, 2029. The larger facility gives the company more borrowing capacity, though the filing shows no drawn debt at signing.
- Revolving facility increased from up to $400.0 million to up to $800.0 million; letter of credit sublimit raised from $200.0 million to $600.0 million
- No revolving loans outstanding and $111.4 million in letters of credit outstanding as of April 26, 2024
- Commitments run until April 26, 2029; company may add up to $2.0 billion in further commitments, subject to lender participation and covenant compliance