DigitalOcean Holdings, Inc. has announced the pricing of its offering of US$1.5 billion aggregate principal amount of 0% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, including the full exercise of the US$200 million option to purchase additional notes granted by DigitalOcean to the initial purchasers. The issuance and sale of the notes are scheduled to settle on November 18, 2021, subject to customary closing conditions.
Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets deal team led by New York/Los Angeles partner Greg Rodgers and New York partners Michael Benjamin and Alison Haggerty, with New York associates Andrew Blumenthal, Kate Kim, Egzon Sulejmani, and Adam Weber. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with New York associate Aaron Bernstein and Boston associate Claire Park; and on data privacy & security matters by Washington, D.C. partner Jennifer Archie and London partner Fiona Maclean, with Washington, D.C. associate Jimmy Smith and London associate Lorenzo Meusburger.
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