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DigitalOcean Prices Upsized $550 Million Private Debt Offering

BY MT Newswires | CORPORATE | 08/12/25 05:39 AM EDT

05:39 AM EDT, 08/12/2025 (MT Newswires) -- DigitalOcean Holdings (DOCN) said Tuesday it priced a $550 million private offering of 0% convertible senior notes due Aug. 15, 2030, upsized from a previously planned $500 million.

Initial purchasers have an overallotment option to purchase up to an additional $75 million of the notes.

The company expects the offering to generate about $532.4 million in net proceeds, which will be used to pay the cost of certain capped call transactions, among other things.

DigitalOcean (DOCN) said the sale of the notes to the initial purchasers is expected to close Thursday.

Concurrent with and subject to the pricing of the offering, the company intends to adopt a program authorizing the repurchase of up to $100 million of its common stock from time to time. The repurchase program is scheduled to expire July 31, 2027.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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