DigitalOcean Holdings, Inc. (DOCN): debt financing — DigitalOcean Q1 rev $211M (+14% YoY), net income $38M (+170%), new $800M credit facility

DigitalOcean Holdings, Inc.

2025-Q1 EPS reported $0.39 revenue$210,703,000

Revenue $211M (+14% YoY), net income $38M (+170%), diluted EPS $0.39.
Adjusted EBITDA $86M (+16% YoY) at 41% margin; ARR $843M (+14% YoY).
Q2 guidance: revenue $215.5-$217.5M, adj EBITDA margin 38-40%, non-GAAP EPS $0.42-$0.47.
Entered $500M term loan + $300M revolver credit agreement to refinance 2026 convertible notes; prior facility terminated.
Scalers+ customer revenue up 41% YoY to 23% of total revenue; NDR improved to 100%.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DigitalOcean Holdings, Inc. incurred revolving credit of $300.0 million with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent at term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based maturing fifth anniversary of the Effective Date.

Instrument: revolving credit
Principal: $300.0 million
Counterparty: Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent
Rate: term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based
Maturity: fifth anniversary of the Effective Date
Event: incurrence

Exact text from the filing

The Credit Agreement provides for (i) a senior secured revolving credit facility in an aggregate principal amount of $300.0 million (the “Revolving Credit Facility”; and any loans thereunder, the “Revolving Loans”), including a $30.0 million sublimit for the issuance of letters of credit

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DigitalOcean Holdings, Inc. incurred term loan of $500.0 million with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent at term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based maturing fifth anniversary of the Effective Date.

Instrument: term loan
Principal: $500.0 million
Counterparty: Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent
Rate: term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based
Maturity: fifth anniversary of the Effective Date
Event: incurrence

Exact text from the filing

(ii) a senior secured delayed draw term loan facility in the aggregate principal amount of $500.0 million (the “Term Loan Facility”; and any loans thereunder, the “Term Loans”)

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10 debt financings filed in the last 30 days. Browse all debt financings →

DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001582961-25-000084

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