|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||DigitalOcean||Our Role||
Left Lead Arranger
On February 13, 2020, KeyBanc Capital Markets Inc. (“KBCM") successfully closed the syndication of $300 million Senior Secured Credit Facilities (the “Credit Facilities”) for DigitalOcean, LLC. The Credit Facilities are comprised of a $150 million, five-year Revolving Credit Facility and a $150 million, five-year Term Loan A Facility. Proceeds from the Credit Facilities will be used to refinance existing indebtedness and fund capital expenditures and working capital needs. KBCM acted as Left Lead Arranger, Joint Bookrunner and Administrative Agent on the transaction.