Debt · Debt Financing · Announced
Akamai prices two convertible-note series
Akamai priced two series of convertible senior notes in a private offering to qualified institutional buyers.
- Both series (computed by Tokscale: $1.1B + $1.1B)
- $2.2B
- Announced · 8-K
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Both series (computed by Tokscale: $1.1B + $1.1B)Debt raised · to Akamai“today announced that it has priced its private offering of $1.1 billion in aggregate principal amount of 1.00% convertible senior notes due 2028 (the "2028 Notes") and $1.1 billion in aggregate principal amount of 1.00% convertible senior notes due 2031 (the "2031 Notes" and, together with the 2028 Notes, the "notes").” | $2.2B | Announced | 8-K ↗ |
Convertible Senior Notes due 2028Debt raised · to AkamaiPart of the amount above, not added again“On November 9, 2026, Akamai Technologies, Inc. issued a press release announcing that it has priced $1.1 billion of Convertible Senior Notes due 2028 and $1.1 billion of Convertible Senior Notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers.” | $1.1B | Announced | 8-K ↗ |
Convertible Senior Notes due 2031Debt raised · to AkamaiPart of the amount above, not added again“On November 9, 2026, Akamai Technologies, Inc. issued a press release announcing that it has priced $1.1 billion of Convertible Senior Notes due 2028 and $1.1 billion of Convertible Senior Notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers.” | $1.1B | Announced | 8-K ↗ |
Participants
Amounts per investor are shown only when a source states them
| Organization | Role | Type | Note |
|---|---|---|---|
| Akamai | Issuer, Borrower | Cloud | — |
Key terms
- Expected closing
- The sale was expected to close on November 12, 2026, subject to customary closing conditions. 8-K ↗
“The sale of the notes is expected to close on November 12, 2026, subject to customary closing conditions.”
- Use of proceeds
- To repay part of the convertible notes due 2027 and to fund capital expenditure of the Cloud Infrastructure Services business. 8-K ↗
“Akamai intends to use the remaining net proceeds from the offering to repay at maturity a portion of Akamai's $1.15 billion outstanding aggregate principal amount of 0.375% Convertible Senior Notes due 2027 (the "2027 Convertible Notes"), which mature on September 1, 2027, and/or to pay cash amounts due upon any earlier conversion of the 2027 Convertible Notes, and to fund the capital expenditure requirements of its Cloud Infrastructure Services (CIS) business”
Sources
- SEC EDGAR (Akamai Technologies, Inc.), “Akamai Form 8-K, November 10, 2026 (convertible senior notes pricing)”, Nov 10, 2026 · Form 8-K, accession 0001193125-26-455539 · retrieved Nov 12, 2026
- SEC EDGAR (Akamai Technologies, Inc.), “Akamai press release, November 9, 2026 (Exhibit 99.1): pricing of convertible senior notes”, Nov 9, 2026 · Form 8-K, accession 0001193125-26-455539 · retrieved Nov 12, 2026
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