On May 1, 2024, DoorDash announced that the company entered into an amendment agreement pursuant to which its existing revolving credit and guaranty agreement was amended and restated in its entirety to provide for an increase in the existing unsecured revolving loan facility from $400 million to an aggregate principal amount of up to $800 million, with an increase to the letter of credit sublimit from $200 million to $600 million. The amendment agreement also extended the maturity date for the revolving credit facility from August 7, 2025, to April 26, 2029. The proceeds of revolving loans made under the restated credit agreement may be used for working capital and general corporate purposes.

Wilson Sonsini Goodrich & Rosati advised DoorDash on this transaction. The Wilson Sonsini team includes:

Corporate Finance
Kathleen Rothman
Jill Fulwiler
Roshanne Arathoon
Qui Flood

Corporate
Rezwan Pavri
Lisa Stimmell
Richa Sharma
Jacqueline Jung
Joanna Leung

Fintech and Financial Services
Marc Foster

Tax
Derek Wallace

For more information, please see DoorDash's financials page.