---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-22-000014"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2022-03-30T23:59:59+00:00"
generated_at: "2026-06-26T13:32:27.927480+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean increases revolver to $250M, extends maturity, appoints new CAO

## Summary
- Revolving credit limit raised from $150M to $250M; maturity extended to 5 years (or earlier of 90 days before $100M+ convertible maturity).
- Interest rate benchmark switched from LIBOR to SOFR plus 1.25%-2.00% margin, down from 2.00%-4.00% under LIBOR.
- New financial covenant: maximum senior secured net leverage ratio of 3.50x; minimum debt service coverage ratio eliminated.
- Adrienne Calderone appointed SVP, Chief Accounting Officer (principal accounting officer) effective March 28, 2022.
- Foreign subsidiaries added as guarantors; 100% of equity interests pledged as collateral.

## SEC filing metadata
- accession: 0001582961-22-000014
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2022-03-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000014/0001582961-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000014/docn-20220328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-22-000014
- JSON: https://secwatch.observer/filing/0001582961-22-000014.json
- Plain text: https://secwatch.observer/filing/0001582961-22-000014.txt

## Key facts
- Executive change
  Adrienne Calderone was appointed as Senior Vice President, Chief Accounting Officer at DigitalOcean Holdings, Inc..
  - Action: appointed
  - Role: Senior Vice President, Chief Accounting Officer
  source text: On March 28, 2022, the Company appointed Adrienne Calderone as Senior Vice President, Chief Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000014/0001582961-22-000014-index.htm

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