DigitalOcean secures $725M equipment financing facility

DigitalOcean Holdings, Inc. (NYSE: DOCN) announced it has entered into a $725 million equipment finance facility maturing on September 10, 2030, intended to fund capacity expansion to meet customer demand for its cloud platform.

The facility includes an accordion option of up to $300 million, which the company intends to exercise subject to obtaining commitments from new or existing lenders and other conditions. DigitalOcean said it plans to use the funds to acquire GPU, CPU, and other equipment.

MUFG Bank, Ltd. served as sole Administrative Agent and Collateral Agent. MUFG Bank, Ltd., Axos Bank, BMO Bank N.A., and Wells Fargo Bank, N.A. acted as Joint Lead Arrangers and Joint Bookrunners, with PNC Bank, N.A. serving as Document Agent.

"We continue to manage our balance sheet from a position of strength, with low leverage and healthy adjusted free cash flow margins. Securing incremental funding at an attractive cost of capital supports our ability to cost effectively add additional capacity to fuel growth in 2027, 2028 and beyond to meet the accelerating demand for our AI Native Cloud. We remain highly confident in our guidance for Q3 and the full year 2026 as well as in our outlook for 2027," said Matt Steinfort, Chief Financial Officer of DigitalOcean.

Additional details are available in the company's Current Report on Form 8-K, filed September 10, 2026, with the U.S. Securities and Exchange Commission.

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