DigitalOcean, an AI-native cloud purpose-built for inference and agentic workloads, entered into a new $725 million equipment finance facility to fund the expansion of capacity to meet its growing customer demand. The facility, maturing on Sept. 10, 2030, also includes an accordion option of up to $300 million, that the company intends to exercise, subject to obtaining commitments from new or existing lenders, among other conditions.
The company intends to use the equipment finance facility to acquire GPU, CPU and other required equipment to meet customer demand for its AI-Native Cloud platform. MUFG Bank served as sole administrative agent and collateral agent. MUFG Bank, Axos Bank, BMO Bank and Wells Fargo Bank acted as joint lead arrangers and joint bookrunners, with PNC Bank serving as document agent.
“We continue to manage our balance sheet from a position of strength, with low leverage and healthy adjusted free cash flow margins,” Matt Steinfort, chief financial officer of DigitalOcean, said. “Securing incremental funding at an attractive cost of capital supports our ability to cost effectively add additional capacity to fuel growth in 2027, 2028 and beyond to meet the accelerating demand for our AI Native Cloud. We remain highly confident in our guidance for Q3 and the full year 2026 as well as in our outlook for 2027.”
