DigitalOcean signs USD 725 million equipment financing facility for capacity expansion
DOCN•Equipment financing facility to support AI-Native Cloud expansion
DigitalOcean entered a USD 725 million equipment finance facility to fund capacity expansion for its AI-Native Cloud platform.
- The facility matures Sept. 10, 2030 and includes an accordion option of up to USD 300 million, which the company intends to pursue.
- Proceeds are earmarked for GPU, CPU and other equipment to meet expected demand in 2027 and 2028.
- MUFG Bank serves as administrative agent. Axos Bank, BMO and Wells Fargo acted as joint lead arrangers.
