---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-180799"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2025-08-14T23:59:59+00:00"
generated_at: "2026-05-17T13:11:15.591704+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-180799
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2025-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000119312525180799/0001193125-25-180799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000119312525180799/d45966d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-180799
- JSON: https://secwatch.observer/filing/0001193125-25-180799.json
- Plain text: https://secwatch.observer/filing/0001193125-25-180799.txt

## Key facts
- Debt Financings
  DigitalOcean Holdings, Inc. incurred convertible notes of $625 million principal amount with U.S. Bank Trust Company, National Association at 0.00% maturing August 15, 2030.
  - Instrument: convertible notes
  - Principal: $625 million principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 0.00%
  - Maturity: August 15, 2030
  - Event: incurrence
  source text: completed its previously announced private offering (the “Offering”) of $625 million principal amount of its 0.00% Convertible Senior Notes due 2030 (the “Notes”), including the exercise in full of the initial purchasers’ option to purchase up to an additional $75 million principal amount of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000119312525180799/0001193125-25-180799-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.