secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001086222-25-000138
Event type: debt
Sentiment:  positive
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akamai amended its credit agreement to remove SOFR credit spread adjustment, effective April 17, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622225000138/0001086222-25-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622225000138/akam-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001086222-25-000138

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