Akamai Plans $1.35 Billion Convertible Senior Notes Offering

MT Newswires Live

2025/05/14

Akamai Technologies (AKAM) said late Tuesday that it plans to offer $1.35 billion of convertible senior notes due 2033.

The firm said it will also grant the initial purchasers of the notes an option to buy up to an additional $202.5 million of notes.

The company said the proceeds will be used among others for debt repayment and share buyback.

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