09:24 AM EDT, 08/18/2025 (MT Newswires) -- DigitalOcean ( DOCN ) said Monday that it has closed a $625 million offering of 0% convertible senior notes due Aug. 15, 2030.

The total size of the offering includes the exercise of $75 million in initial purchasers' options, the company said.

DigitalOcean ( DOCN ) said it estimates the offering will generate $605.6 million in net proceeds, which will be used to pay the cost of certain capped call transactions and conduct repurchases of its 0% convertible senior notes due 2026.