DigitalOcean Announces Closing of $625 Million Convertible Senior Notes Offering, Including Full Exercise of Initial Purchasersā $75 Million Option to Purchase Additional Notes
BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (āDigitalOceanā) (NYSE: DOCN), today announced the closing of its previously announced offering of $625 million aggregate principal amount of 0.00% convertible senior notes due 2030, including the full exercise of the initial purchasersā option to purchase an additional $75 million aggregate principal amount of the notes. DigitalOcean estimates that the total net proceeds from the offering are approximately $605.6 million, after de
Related Questions
How will the $605.6āÆmillion net proceeds from the convertible notes be allocated ā for growth initiatives, debt repayment, or other purposes?
What dilution risk does the 0.00% convertible note structure pose if the notes are converted, and how might that affect EPS and share price?
How does the pricing and terms of this offering compare to recent convertible debt issuances by peer cloud infrastructure companies?