Akamai Technologies Inc., a leading cybersecurity and cloud computing company, has announced plans to offer $1.35 billion in convertible senior notes due 2033. The funds raised will be used to repay approximately $250 million in borrowings under its revolving credit facility and to address the maturity of a portion of its $1.15 billion convertible senior notes due in 2027. This strategic financial move aims to manage existing debt and support the company's ongoing financial stability. Akamai is also engaging in convertible note hedge and warrant transactions in conjunction with this offering.
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