DigitalOcean to repurchase up to USD 500 million of 2030 convertible notes

DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc.

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  • DigitalOcean launched a cash repurchase of up to USD 500 million of its 0.00% convertible senior notes due 2030.
  • Repurchase funded through a concurrent registered direct offering of common stock to participating noteholders.
  • Company expects lower net leverage with minimal change in cash or shares outstanding; repurchased notes retired.
  • Plans to use its existing share repurchase authorization to buy back any incremental shares issued to eliminate dilution.
  • Transactions expected to close July 23, 2026; repurchase price set off a VWAP measure expected July 15, 2026.


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