DigitalOcean Holdings, Inc. (DOCN) closed its $625 million offering of 0.00% convertible senior notes due 2030, including a $75 million overallotment.
Net proceeds of approximately $605.6 million will fund capped call transactions and, along with cash on hand and $380 million in term loans, repurchase $1.19 billion of 2026 convertible notes for about $1.13 billion.
CFO Matt Steinfort said the financing secures repayment of 2026 maturities, strengthens the balance sheet, and minimizes future dilution. DigitalOcean also authorized a $100 million stock buyback program through July 31, 2027.
DOCN currently trades at $31.43 or 1.26% higher on the NYSE.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.