PINTEREST, INC. (PINS): debt financing — Pinterest issues $1B in 1.75% convertible notes due 2031 to Elliott

PINTEREST, INC.

Net proceeds from sale of $1B principal amount of 1.75% Convertible Senior Notes due 2031 to Elliott Associates and Elliott International.
Notes mature March 1, 2031; interest payable semi-annually starting Sept 1, 2026.
Initial conversion price ~$22.72 per share (44.0063 shares per $1,000 principal).
Notes convertible under certain conditions; callable by Pinterest after March 5, 2029 if stock price >130% of conversion price for 20/30 days.
Issued in private placement exempt from registration under Section 4(a)(2) of Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PINTEREST, INC. incurred convertible notes of $1 billion with Elliott Associates, L.P. and Elliott International, L.P. at 1.75% per annum maturing March 1, 2031.

Instrument: convertible notes
Principal: $1 billion
Counterparty: Elliott Associates, L.P. and Elliott International, L.P.
Rate: 1.75% per annum
Maturity: March 1, 2031
Event: incurrence

Exact text from the filing

agreement (the “Investment Agreement”) with Elliott Associates, L.P. and Elliott International, L.P. (collectively, “Elliott”), relating to the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031 (the “Notes”). On March 5, 2026, the closing under the Investment Agreement occurred and

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

PINTEREST, INC. issued convertible note to Elliott Associates, L.P. and Elliott International, L.P. (collectively, "Elliott") for $1 billion in aggregate principal amount.

Security: convertible note
Purchaser: Elliott Associates, L.P. and Elliott International, L.P. (collectively, "Elliott")
Consideration: $1 billion in aggregate principal amount

Exact text from the filing

the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031

View on SEC.gov

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

PINTEREST, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1 billion (effective 2026-03-05).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $1 billion
Effective: 2026-03-05

Exact text from the filing

on March 5, 2026, the Company entered into an indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”)

View on SEC.gov

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

PINTEREST, INC. entered into Investment Agreement with Elliott Associates, L.P. and Elliott International, L.P. valued at $1 billion (effective 2026-03-03).

Action: entry
Agreement: notes offering
Counterparty: Elliott Associates, L.P. and Elliott International, L.P.
Value: $1 billion
Effective: 2026-03-03

Exact text from the filing

on March 3, 2026, Pinterest, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Elliott Associates, L.P. and Elliott International, L.P. (collectively, “Elliott”), relating to the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031

View on SEC.gov

31 debt financings filed in the last 30 days. Browse all debt financings →

PINTEREST, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-092744

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