DigitalOcean closes $625M 0% convertible notes due 2030; repurchases $1.19B of 2026 notes

DigitalOcean Holdings, Inc.

Upsized $625M offering (incl. $75M greenshoe) of 0.00% convertible senior notes due 2030; initial conversion price ~$39.17/share.
Net proceeds ~$605.6M; $83.9M used for capped call; plus $380M term loans and cash to repurchase $1,187.7M of 2026 notes.
Capped call transactions set cap price at $66.51/share (125% premium over $29.56 close) to reduce potential dilution.
New $100M stock repurchase program authorized; may buy shares via open market or 10b5-1 plan through July 31, 2027.

item 1.01item 2.03item 3.02item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.