DigitalOcean Announces Pricing of $550 Million of Convertible Senior Notes Offering

BlockBeats News, August 12, according to businesswire, DigitalOcean Holdings, Inc. (NYSE: DOCN) today announced that it has priced $550 million in aggregate principal amount of 0% interest, 2030 convertible senior notes. The private offering is targeted to persons reasonably believed to be qualified institutional buyers, and the sale of the notes to the initial purchaser is expected to settle on August 14, 2025, subject to customary closing conditions.

Additionally, DigitalOcean has granted the initial purchaser a purchase option, allowing them to purchase up to an additional $75 million in aggregate principal amount of notes within 13 days from the original issue date of the notes.