AKAM · 10-Q · 2026Q3 · Full report
Outstanding Indebtedness
AKAMAI TECHNOLOGIES INC · 2026-11-06 · Importance 71 · Surprise 60 · No source text
Akamai issued $3.5 billion in principal amount of convertible senior notes in May 2026: $1.75 billion due 2030 and $1.75 billion due 2032, both with zero-coupon interest. As of September 30, 2026, the company had $7.640 billion of convertible senior notes outstanding, senior unsecured obligations maturing from September 2027 through May 2033. The company stated that a portion of proceeds would fund accelerated capital expenditures for its cloud infrastructure services, with another portion used for share repurchases.
Key facts
- Akamai’s 2022 Credit Agreement was amended in May 2025 to increase aggregate revolving commitments to $1.0 billion and expires November 22, 2028. source
- Akamai issued $3,500.0 million in par value of convertible senior notes in May 2026. source
- In May 2026, Akamai issued $1,750.0 million principal amount of convertible senior notes due 2030 and $1,750.0 million principal amount due 2032, and entered into related convertible note hedge and warrant transactions. source
- Akamai had $7,640.0 million of convertible senior notes outstanding as of September 30, 2026; they are senior unsecured obligations, with notes maturing between September 2027 and May 2033, and the 2030 and 2032 Notes have zero-coupon interest. source
- Akamai's interest expense was $10.630 million for the three months ended September 30, 2026, compared with $7.915 million in 2025, and $27.965 million for the nine months ended September 30, 2026, compared with $22.866 million in 2025. source
- Akamai’s 2025 Credit Agreement does not expire, is cancellable at any time, and borrowings can be due on demand. source
- Akamai had no outstanding borrowings under its $150.0 million uncommitted 2025 Credit Agreement as of September 30, 2026. source
- Akamai was in compliance with all covenants and had no outstanding borrowings under the 2022 Credit Agreement as of September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -22.5% | In May 2026, Akamai issued $1,750.0 million principal amount of convertible senior notes due 2030 and $1,750.0 million principal amount… |