On May 19, 2025, Akamai Technologies Inc. successfully completed a significant financial maneuver, finalizing its offering of 0.25% Convertible Senior Notes due 2033. The transaction was executed through a private placement under a purchase agreement with major financial institutions, including Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., and Goldman Sachs & Co. LLC. The offering, amounting to $1.725 billion, will facilitate Akamai's strategic financial objectives, including repurchasing its common stock and addressing existing debt. Notably, Akamai plans to allocate the net proceeds towards repaying a $250 million borrowing from its revolving credit facility and addressing a portion of its 0.375% Convertible Senior Notes due 2027. This financial step underscores Akamai's proactive approach to managing its debt and optimizing its capital structure.