Pinterest sells $1 billion of 1.75% convertible notes due 2031 to Elliott
Pinterest closed the sale of $1 billion in 1.75% Convertible Senior Notes due 2031 to Elliott Associates and Elliott International on March 5, 2026, under an agreement signed March 3. The notes can convert into Class A common stock at an initial price of about $22.72 per share, so conversion would add shares outstanding, and the company must pay interest and repay principal on the notes.
Key points
- Principal amount: $1 billion, issued to Elliott on March 5, 2026
- Interest rate 1.75% per year, paid semi-annually on March 1 and September 1, starting September 1, 2026
- Maturity March 1, 2031; initial conversion price about $22.72 per share (44.0063 shares per $1,000 note)
- Company may redeem on or after March 5, 2029 if the stock trades at least 130% of the conversion price; holders may require repurchase on a change of control
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.