Pinterest expands five-year revolving credit facility to $700 million from $500 million
Bitget2026/10/15 20:37- 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: 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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