secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2026-10-15T20:36:58+00:00
Accession:  0001506293-26-000143
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629326000143/0001506293-26-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629326000143/pins-20261015.htm
  HTML page:      https://secwatch.observer/filing/0001506293-26-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer