DigitalOcean secures up to $1.025 billion equipment finance facility
DigitalOcean entered into an equipment finance facility to fund data center hardware purchases. The facility provides $725 million of committed financing, with an accordion option for up to an additional $300 million subject to lender commitments.
DigitalOcean entered into an equipment finance facility to fund data center hardware purchases. The facility includes $725 million of committed financing and an accordion feature for up to an additional $300 million, subject to lender commitments. Advances under the facility may cover up to 90% of equipment cost.