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AI brief of an SEC Form 8-K · Akamai Technologies (AKAM)

Akamai completes $1.725 billion convertible note offering due 2033

Neutral Impact 4 of 5 financing Written later

Akamai completed a private offering of $1.725 billion in 0.25% convertible senior notes due May 15, 2033, including $225.0 million from the initial purchasers' option. The company used part of the proceeds for convertible note hedge and warrant transactions and to repurchase 3,870,468 shares of its common stock at $77.51 per share, with the rest earmarked to repay revolver borrowings and part of its 2027 convertible notes.

Key points

  • Notes total $1.725 billion principal, with a conversion price of about $93.01 per share, a premium of about 20% to the $77.51 closing price on May 14, 2025
  • About $300.0 million of proceeds used to repurchase 3,870,468 common shares at $77.51 per share
  • About $275.0 million used for note hedge costs, partly offset by warrant sale proceeds; about $250.0 million of revolver borrowings to be repaid
  • Notes mature May 15, 2033; holders may require repurchase on May 15, 2031 if the stock trades below the conversion price

The filing

CompanyAkamai Technologies (AKAM)
Form8-K, current report
Filed with the SECMay 19, 2025, 4:12 PM ET
Accession number0001193125-25-122451

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.