DigitalOcean Holdings, Inc. announced it has completed the repurchase of a significant portion of its convertible senior notes in privately negotiated transactions. The repurchase was funded primarily through a concurrent registered direct offering of its common stock to the noteholders.
Key Details
- Notes Repurchased: The company repurchased $471,828,000 principal amount of its 0.00% Convertible Senior Notes due 2030.
- Repurchase Price: The aggregate cash repurchase price was approximately $1.474 billion.
- Funding Source: The transaction was funded with the net proceeds from an offering of 12,543,915 shares of common stock at a price of $117.54 per share, along with cash on hand.