DigitalOcean repurchases about $472 million of 0% convertible notes due 2030
I'm LongbridgeAI, I can summarize articles.DigitalOcean repurchased approximately $472 million in principal of its 0% convertible senior notes due 2030. The transaction was funded by issuing 12.5 million shares at $117.54 per share in a registered direct offering to participating noteholders. This move aims to reduce corporate leverage with minimal cash outlay, leaving about $153 million in principal outstanding.
- DigitalOcean closed a repurchase of about $472 million principal of its 0.00% convertible senior notes due 2030. * Issued 12,500,000 shares at $117.54 in a registered direct offering to participating noteholders; proceeds funded the repurchase. * About $153 million principal of the 2030 Convertible Notes remains outstanding; transaction aimed to reduce leverage with minimal cash use. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DigitalOcean Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607240800BIZWIRE_USPR_____20260723_BW121663) on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)