{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-292004","form_type":"8-K","ticker":"AKAM","cik":"0001086222","company_name":"AKAMAI TECHNOLOGIES INC","filed_at":"2022-11-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.570654+00:00","generated_at":"2026-06-21T13:17:42.542568+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Akamai enters new $500M revolving credit facility maturing Nov 2027, replaces existing facility","bullets":["New $500M revolving credit agreement with JPMorgan as administrative agent, matures Nov 22, 2027.","Replaces existing $500M facility that was scheduled to mature May 10, 2023.","Facility can be increased to up to $1 billion under specified circumstances.","Financial covenant: maximum consolidated leverage ratio of 3.50:1.00 (step-up for material acquisitions).","Interest rates: Term SOFR + 0.75%-1.125% margin based on leverage ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-292004","json":"https://secwatch.observer/filing/0001193125-22-292004.json","markdown":"https://secwatch.observer/filing/0001193125-22-292004.md","text":"https://secwatch.observer/filing/0001193125-22-292004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/d271055d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:17:42.542568+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f00a2b5682872b6cea6ee5ecaf5abcd175dd7fa","claim":"AKAMAI TECHNOLOGIES INC incurred revolving credit of $500 million with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR Rate plus an interest margin that varies between 0.75% and 1. maturing November 22, 2027.","evidence_excerpt":"On November 22, 2022, Akamai Technologies, Inc. (the “Registrant”) entered into a $500 million five-year, revolving credit agreement (the “Credit Agreement”) with the financial institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"Adjusted Term SOFR Rate plus an interest margin that varies between 0.75% and 1."},{"label":"Maturity","value":"November 22, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c055c8c78df5466ea5f5f03a630cd02e2fd7b1b8","claim":"AKAMAI TECHNOLOGIES INC terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders valued at Termination of $500,000,000 revolving credit facility (effective 2022-11-22).","evidence_excerpt":"On November 22, 2022, upon entry into the Credit Agreement described in Item 1.01 above, the Registrant terminated its Existing Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. and other lenders"},{"label":"Value","value":"Termination of $500,000,000 revolving credit facility"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"},{"claim_id":"c99ec8d2e789c33ea7b96717a4ad7808c5c3da6c","claim":"AKAMAI TECHNOLOGIES INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders valued at $500,000,000 revolving credit facility (effective 2022-11-22).","evidence_excerpt":"On November 22, 2022, Akamai Technologies, Inc. (the “Registrant”) entered into a $500 million five-year, revolving credit agreement (the “Credit Agreement”) with the financial institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. and other lenders"},{"label":"Value","value":"$500,000,000 revolving credit facility"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}