Pinterest Inc.
Pinterest, Inc. Issues $1 Billion Convertible Senior Notes to Elliott
Summary
On March 5, 2026, Pinterest, Inc. completed the issuance of $1 billion in aggregate principal amount of 1.75% Convertible Senior Notes due 2031 to Elliott Associates, L.P. and Elliott International, L.P. The notes will bear interest at a rate of 1.75% per annum, payable semi-annually. They are convertible under specific conditions before December 1, 2030, and at any time thereafter. The notes can be redeemed by Pinterest after March 5, 2029, if certain stock price conditions are met. The issuance was made under an Investment Agreement and the notes are governed by an Indenture with U.S. Bank Trust Company, National Association, as trustee. The transaction was conducted under an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
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About Pinterest Inc.
Pinterest Inc. is a social media company that operates a unique platform designed for users to discover, save, and share visual content. The primary function of Pinterest is to serve as a discovery engine for finding ideas like recipes, home and style inspirations, and various lifestyle concepts. Users engage with the platform by creating 'boards' where they 'pin' images and links, allowing for curated collections of interests and projects. Pinterest caters to both individual and business users, providing businesses with opportunities to advertise and promote products through visually appealing ads integrated seamlessly into the platform. The company's platform impacts the advertising and e-commerce industries by offering brands a visually driven medium to connect with a highly engaged audience. Founded in 2010 and headquartered in San Francisco, California, Pinterest plays a significant role in the digital marketing space by influencing purchasing decisions and consumer trends through its visual exploration and inspiration platform.
Official SEC Documents
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