05:39 AM EDT, 08/12/2025 (MT Newswires) -- DigitalOcean Holdings ( DOCN ) said Tuesday it priced a $550 million private offering of 0% convertible senior notes due Aug. 15, 2030, upsized from a previously planned $500 million.

Initial purchasers have an overallotment option to purchase up to an additional $75 million of the notes.

The company expects the offering to generate about $532.4 million in net proceeds, which will be used to pay the cost of certain capped call transactions, among other things.

DigitalOcean ( DOCN ) said the sale of the notes to the initial purchasers is expected to close Thursday.

Concurrent with and subject to the pricing of the offering, the company intends to adopt a program authorizing the repurchase of up to $100 million of its common stock from time to time. The repurchase program is scheduled to expire July 31, 2027.