Pinterest enters $700 million amended revolving credit facility, replacing $500 million 2022 facility

PINTEREST, INC.

Pinterest signed a five-year $700M revolving credit facility on Oct 15, 2026, with JPMorgan Chase Bank as administrative agent, replacing a $500M 2022 facility.
Interest is adjusted term SOFR plus 1.25% or alternative base rate plus 0.25%; unused commitments carry a 0.10% annual commitment fee.
Facility includes a $75M letter-of-credit sublimit with a 1.25% annual fee and an accordion up to the greater of $1,000M or 75% consolidated EBITDA.
Covenant requires max net leverage ratio of 3.50x, increasing to 4.00x after certain acquisitions; obligations are secured by substantially all domestic assets.
No amounts were outstanding as of Oct 15, 2026, and Pinterest stated it is in compliance with all covenants.

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