debt
confidence high
sentiment positive
materiality 0.40
Akamai amended its credit agreement to remove SOFR credit spread adjustment, effective April 17, 2025
AKAMAI TECHNOLOGIES INC
- Amendment No. 1 eliminates the credit spread adjustment previously applied to SOFR-denominated borrowings.
- Adjusted Term SOFR Rate and Adjusted Daily Simple RFR definitions restated; floor of zero remains.
- Amendment dated April 17, 2025; lenders include JPMorgan, Bank of America, Citibank, Morgan Stanley, HSBC, TD.
- Company represented no Event of Default and representations true in all material respects as of effectiveness.