Freshfields advises DigitalOcean Holdings, Inc. on repurchase of an aggregate $470m principal amount of convertible notes and aggregate $1.474bn concurrent registered direct offering of common stock

Freshfields advised DigitalOcean Holdings, Inc. (“DigitalOcean”) in connection with its private repurchase of approximately $470 million of its outstanding convertible notes and on its $1.474 billion concurrent registered direct offering of 12,543,915 shares of its common stock. DigitalOcean used the proceeds of the equity offering to fund the repurchase of approximately $470 million principal amount of its outstanding 0.00% convertible senior notes due 2030 in privately negotiated repurchase transactions with a limited number of noteholders for an aggregate repurchase price of approximately $1.474 billion.

DigitalOcean is an AI-Native Cloud, purpose-built for inference and agentic workloads that brings infrastructure, core cloud services, inference, data, and agents together in one integrated stack that is open throughout, giving builders the best of the AI ecosystem in one place.

The Freshfields capital markets team consisted of Partners Sarah Solum and Calise Cheng, Counsel Jeffrey Gould and Associates Alex Canahuate, Sierra Acosta and Jenny Ge.