Akamai completes two $1.25 billion convertible notes offerings

The 1.00% notes due 2028 and 2031 were sold in a private placement, with proceeds aimed at 2027 notes and cloud spending The Akamai Technologies financing closed on November 12, 2026, when the company completed its offering of 1.00% Convertible Senior Notes due November 15, 2028 and November 15, 2031, according to an 8-K filing. Akamai said each series had an aggregate principal amount of $1.25 billion. Each figure includes $150 million from the Initial Purchasers’ option, which they exercised in full on November 10, 2026. According to the filing, the notes are senior unsecured obligations with interest payable semiannually on May 15 and November 15, beginning on May 15, 2027. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc.

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