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DigitalOcean plans cash repurchase of up to $500 million 2030 convertible notes

PUBT·07/15/2026 11:01:30
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DigitalOcean plans cash repurchase of up to $500 million 2030 convertible notes
  • DigitalOcean plans to repurchase up to $500 million principal amount of its 0.00% convertible senior notes due 2030 in privately negotiated cash transactions.
  • Repurchase funding set to come from a registered direct offering of common stock to participating noteholders, limiting net change in cash or shares outstanding.
  • Repurchase price to be based on a volume-weighted average price of the stock measured over the next trading day, expected to be July 15, 2026.
  • Closings targeted for July 23, 2026, subject to customary conditions.
  • Company expects to use its existing share repurchase authorization to buy back incremental shares issued to eliminate dilution.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DigitalOcean Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260715111422) on July 15, 2026, and is solely responsible for the information contained therein.