Akamai Technologies Inc. Announces Proposed $1.35 Billion Convertible Senior Notes Offering

Reuters

05/14

Akamai Technologies Inc. Announces Proposed $1.35 Billion Convertible Senior Notes Offering

CAMBRIDGE, Mass., May 13, 2025/PRNewswire/ -- Akamai Technologies, Inc. $(AKAM)$, a leading cybersecurity and cloud computing company, announced its proposal to offer $1.35 billion in aggregate principal amount of convertible senior notes due 2033. The notes will be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Additionally, Akamai has given initial purchasers the option to acquire up to an additional $202.5 million in notes. The proceeds from this offering will be used for various corporate purposes, including the repayment of existing debts. The notes, which are senior unsecured obligations, will mature on May 15, 2033, unless repurchased or converted earlier. The interest on these notes will be paid semi-annually starting November 15, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akamai Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE87284) on May 13, 2025, and is solely responsible for the information contained therein.

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