DigitalOcean completes $550 million convertible bond pricing, maturing in 2030.

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[Block Rhythm] On August 12, it was reported that DigitalOcean Holdings, Inc. (NYSE: DOCN) today announced the pricing of a total of $550 million of zero-coupon convertible preferred notes due in 2030. This private sale is aimed at qualified institutional buyers as reasonably determined, with sales of the notes to initial purchasers expected to be completed by August 14, 2025, subject to customary delivery conditions.

In addition, DigitalOcean grants the initial purchaser an option to purchase, allowing them to purchase up to an additional $75 million in notes within 13 days from the date of the initial issuance of the notes (including the issuance date).

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SilentObservervip
· 08-12 18:43
550 million zero-coupon bonds? That's quite a big deal.
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OnlyOnMainnetvip
· 08-12 06:36
500 million, that's really rich!
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ZkProofPuddingvip
· 08-12 06:30
Zero interest head laughing to death
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ImpermanentLossFanvip
· 08-12 06:10
In the end, it's always the institutions making money.
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RugDocDetectivevip
· 08-12 06:09
The pricing of the bill is quite aggressive.
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