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.

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