Instacart secures $500M credit facility, boosts buyback authorization by $1B to $3.5B

Filed May 6, 2026 · Period ending May 1, 2026 · ~1 min read

Key Changes

• high

  Established $500M revolving credit facility with Morgan Stanley, expandable to over $1B, maturing 2031. No amounts drawn at closing. Provides financial flexibility for working capital and strategic initiatives.

  Item 1.01 verify on EDGAR →
• high

  Board increased share repurchase authorization by $1B to $3.5B total. Combined with $323M remaining from prior program, company has ~$1.3B available for buybacks with no expiration date.

  Item 8.01 verify on EDGAR →
• high

  Credit facility requires maximum net leverage ratio of 4.50x, tested quarterly. Ratio can temporarily increase to 5.50x for four quarters following material acquisitions, up to three times during facility term.

  Item 1.01 verify on EDGAR →