DigitalOcean, LLC

Overview

Deal Type Debt Capital Markets
Size $250 Million
Senior Secured Revolving Credit Facility
Client & Transactional Partners DigitalOcean, LLC
Our Role Administrative Agent
Joint Bookrunner
Left Lead Arranger

Summary

On March 29, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of a $250 million Senior Secured Revolving Credit Facility (the Revolver) for DigitalOcean, LLC (the Company). Proceeds from the Revolver will be used to fund working capital needs and other general corporate purposes. KBCM acted as Left Lead Arranger, Joint Bookrunner and Administrative Agent on the transaction.

DigitalOcean is a leading cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small-to-medium size businesses. The Company offers infrastructure solutions across compute, storage and networking, and also enables developers to extend the native capabilities of the Company’s cloud with fully managed application, container and database offerings.

Recent Deals

November 2022

Mount Union Senior Lofts

$20MM

Construction loan & LIHTC equity

Construction
Low Income Housing Tax Credits

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November 2022

has affiliated with

a portfolio company of

 

Sell-Side Advisor

Healthcare Investment Banking

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October 2022

The Heron apartments

$20 Million

High Leverage Bridge Loan

Bridge

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October 2022

has received a $500 million equity investment from

 

 

$500 Million

Sell-Side Advisor

Mergers & Acquisitions

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October 2022

has been acquired by

 

$185 Million

Exclusive Sell-Side Advisor

Mergers & Acquisitions

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October 2022

Caesars Entertainment 

$3 Billion

Senior Secured Credit Facilities

Syndication Agent

Debt Capital Markets

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October 2022

Richland Marketplace

 

$16.79 Million

Acquisition

Lender

Life Company

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September 2022

 

$90 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

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September 2022

Marylhurst Commons

$58.7 Million

Construction
Freddie Mac
Low Income Housing Tax Credits

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September 2022

 

$153 Million

Commercial Property Assessed Clean Energy Financing

Structuring Agent

Debt Capital Markets

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September 2022

 

$260 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

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September 2022

Southern Col MidCo, LLC

$170 Million

Senior Secured Notes

Joint Lead Placement Agent

Private Placement

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September 2022

 

$130 Million

First Mortgage Bonds

Joint Lead Placement Agent

Private Placement

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September 2022

Northern States Power Company (a Wisconsin Corporation)

$100 Million

First Mortgage Bonds

Sole Placement Agent

Private Placement

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September 2022

$600 Million

Delayed Draw Term Loan

$700 Million

Bridge Revolver

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

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September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

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September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

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