InfraCompute / Deals
DigitalOcean 0% convertible senior notes due 2026
Convertible notes for DigitalOcean, US$1.5bn, 18 November 2021.
Key terms
- Borrower or issuer
- DigitalOcean
- Date
- 18 November 2021
- Structure
- Convertible notes
- Amount
- US$1.5bn
- Pricing
- 0% coupon; converts at about US$178.51
- Tenor
- Due 1 Dec 2026
Recorded terms
- Lender type
- Bonds and securitisationsStructure: convertible
- Conversion terms
- Initial conversion rate 5.6018 shares per US$1,000 (about US$178.51 a share).
- Tenor
- Due 1 Dec 2026
- Security
- Senior unsecured
- Lenders and arrangers
- Arrangers / bookrunners: KeyBank, Barclays, Fifth Third
- Trustee
- U.S. Bank
Similar financings
Same structure, other borrowers, closest in date.
More from DigitalOcean
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- Not stated in the filed text
- Quoted in the clause and contract libraries
- 0
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| SEC Form 8-K (financing announcement / closing) | 18 November 2021 | – | – |
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Sources
- DigitalOcean 0% convertible senior notes due 2026Source date: 18 November 2021
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
