AKAM · 8-K · 20261112PR458699

Outstanding Indebtedness

AKAMAI TECHNOLOGIES INC · 2026-11-12 · Importance 71 · Surprise 60 · No source text

Akamai closed a private offering of $1.25 billion of 1.00% convertible senior notes due 2028 and $1.25 billion of 1.00% convertible senior notes due 2031, including $150 million of additional notes in each series. Net proceeds were approximately $2,459.7 million, of which $284.4 million was used for convertible note hedge costs, partially offset by proceeds from related warrant transactions. Akamai intends to use remaining proceeds to repay at maturity some or all of its $1.15 billion of 0.375% convertible notes due September 1, 2027, or to pay amounts due upon earlier conversion, and to fund Cloud Infrastructure Services capital expenditures. The note hedges cover the shares initially underlying the notes and are expected generally to reduce potential dilution or offset certain conversion-related cash payments; the warrants could dilute shares if the stock price exceeds their strike price.

Key facts

• On November 12, 2026, Akamai closed its private offering of $1.25 billion aggregate principal amount of 1.00% convertible senior notes due 2028 and $1.25 billion aggregate principal amount of 1.00% convertible senior notes due 2031. source
• The aggregate principal amount of each series of notes includes $150.0 million issued after the initial purchasers exercised in full their option to purchase additional notes of that series. source

Impact estimates