debt
confidence high
sentiment neutral
materiality 0.60
DigitalOcean completes $1.474B repurchase of convertible notes, issues 12.5M shares
DigitalOcean Holdings, Inc.
- Repurchased $471.8M principal of 0.00% Convertible Senior Notes due 2030 for ~$1.474B in cash.
- Funded by cash on hand and net proceeds from registered direct offering of 12,543,915 shares at $117.54/share.
- Equity offering raised approximately $1.474B, matching the aggregate repurchase price.
- Repurchase completed on July 23, 2026; notes were privately negotiated with holders.