Pinterest enters $700 million five-year revolving credit facility, replacing $500 million facility
Pinterest entered into an amended and restated five-year, $700 million revolving credit facility on October 15, 2026, replacing its previous $500.0 million facility from October 2022. The filing states there were no amounts outstanding under the new facility as of October 15, 2026, and that the company is in compliance with all covenants, so the agreement adds borrowing capacity without current debt.
Key points
- Five-year, $700 million revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, replacing a $500.0 million facility
- Borrowings accrue at SOFR plus a 1.25% margin, or an alternative base rate plus 0.25%, at the company's election
- Covenants include a maximum net leverage ratio of 3.50 to 1.00, and secured liens on substantially all domestic assets that are released upon an investment grade period
- No amounts outstanding under the facility as of October 15, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 October 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.