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DigitalOcean to swap debt for stock to deleverage balance sheet
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DigitalOcean to swap debt for stock to deleverage balance sheet
DigitalOcean Holdings Inc. (NYSE: DOCN) told investors and regulators last week that the Broomfield-based cloud-infrastructure provider plans to use proceeds from a stock sale to buy back $500 million in convertible notes — a type of short-term loan — through privately negotiated deals.
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