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DigitalOcean Holdings entered into a $725 million equipment finance facility to fund data center capacity expansion…

DOCNDigitalOcean Holdings, Inc.

DigitalOcean Holdings entered into a $725 million equipment finance facility to fund data center capacity expansion for its AI-Native Cloud platform, with an accordion feature allowing an additional $300 million increase. The financing matures on September 10, 2030, and bears interest at term SOFR swap rate plus 2.75% per annum. DigitalOcean operates in the cloud computing infrastructure industry.

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