Business
DigitalOcean Announces Closing of $625 Million Convertible Senior Notes Offering, Including Full Exercise of Initial Purchasers’ $75 Million Option to Purchase Additional Notes
BROOMFIELD, Colo., August 18, 2025--DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE: DOCN), today announced the closing of its previously announced offering of $625 million aggregate principal amount of 0.00% convertible senior notes due 2030, including the full exercise of the initial purchasers’ option to purchase an additional $75 million aggregate principal amount of the notes. DigitalOcean estimates that the total net proceeds from the offering are approximately $605.6 million, after ded
About this update from Digitalocean Holdings, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/36d65bb1afc12bd30adc60a34c3e2eef"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Tu_zHFtlaL4UiSGwvGTtIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/36d65bb1afc12bd30adc60a34c3e2eef","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/D8OrynfROPLTBymY2j2MSw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/36d65bb1afc12bd30adc60a34c3e2eef","width":1024,"height":512}},"lazy":false},{"type":"text","content":"BROOMFIELD, Colo., August 18, 2025--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE: DOCN), today announced the closing of its previously announced offering of $625 million aggregate principal amount of 0.00% convertible senior notes due 2030, including the full exercise of the initial purchasers’ option to purchase an additional $75 million aggregate principal amount of the notes. DigitalOcean estimates that the total net proceeds from the offering are approximately $605.6 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by DigitalOcean. The notes will mature on August 15, 2030, unless earlier converted, redeemed or repurchased by DigitalOcean. In connection with the pricing of the notes, DigitalOcean entered into privately negotiated capped call transactions with an affiliate of one of the initial purchasers and other financial institutions.","length":951,"tagName":"p"},{"type":"text","content":"DigitalOcean expects to use the net proceeds from the offering to pay the $83.9 million cost of the capped call transactions and the remainder of the net proceeds from the offering, together with cash on hand and $380 million of term loans under DigitalOcean’s credit facility to repurchase for approximately $1,131.3 million in cash approximately $1,187.7 million aggregate principal amount of its 0.00% convertible senior notes due 2026.","length":439,"tagName":"p"},{"type":"text","content":"DigitalOcean also recently announced that it has adopted a new stock repurchase program authorizing the repurchase of up to ...