DigitalOcean repurchases USD 471.83 million of 0% convertible notes due 2030 for USD 1.47 billion cash
DOCN•DigitalOcean completes cash repurchase of convertible notes
DigitalOcean completed a cash repurchase of USD 471.83 million principal amount of its 0.00% Convertible Senior Notes due 2030.
The aggregate repurchase price totaled about USD 1.47 billion in privately negotiated transactions with a limited number of noteholders.
Funding came from net proceeds of a 12,543,915-share registered direct offering priced at USD 117.54 per share, combined with cash on hand.
