DoorDash upsizes revolving credit facility to $800M from $400M; extends maturity to 2029

DoorDash, Inc.

Revolving credit facility increased from $400M to $800M; letter of credit sublimit raised to $600M.
No revolving loans outstanding; $111.4M in letters of credit drawn at April 26, 2024.
Facility matures April 26, 2029; interest rate is SOFR + 1% or base rate + 0%.
Proceeds for working capital and general corporate purposes; commitment fee 0.10% per annum.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DoorDash, Inc. amended Amendment Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $800.0 million (effective 2024-04-26).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $800.0 million
Effective: 2024-04-26

Exact text from the filing

On April 26, 2024 (the “ Effective Date ”), DoorDash, Inc., a Delaware corporation (the “ Company ”), entered into an Amendment Agreement (the “ Amendment Agreement ”) pursuant to which its existing Revolving Credit and Guaranty Agreement

View on SEC.gov

292 material agreements filed in the last 30 days. Browse all material agreements →

DoorDash, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-127459

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.