We advised the administrative agent and joint lead arrangers on the transaction

Davis Polk advised the administrative agent and joint lead arrangers and bookrunners in connection with a $500 million five-year senior unsecured revolving credit facility provided to Maplebear Inc. (d/b/a Instacart). The proceeds of the revolving credit facility will be used for working capital and other general corporate purposes.

Instacart is the leading technology and enablement partner for the grocery industry and has powered more than 1.6 billion orders since its founding. With approximately 3,600 full-time employees worldwide and approximately 600,000 shoppers on the platform, Instacart’s reach extends to 98% of U.S. households and its storefront technology powers more than 380 grocers’ e-commerce sites.

The Davis Polk finance team included partner Sanders Witkow, counsel Randall (Randy) Dorf and associates Amanda Cheng, Spencer Park and Jialei (Lei) Zhu. All members of the Davis Polk team are based in the New York office.

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