---
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"
generated_at: "2026-06-21T13:17:42.542568+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Akamai enters new $500M revolving credit facility maturing Nov 2027, replaces existing facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-292004
- JSON: https://secwatch.observer/filing/0001193125-22-292004.json
- Plain text: https://secwatch.observer/filing/0001193125-22-292004.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $500 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Adjusted Term SOFR Rate plus an interest margin that varies between 0.75% and 1.
  - Maturity: November 22, 2027
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm
- Material Agreements
  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).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. and other lenders
  - Value: Termination of $500,000,000 revolving credit facility
  - Effective: 2022-11-22
  source text: On November 22, 2022, upon entry into the Credit Agreement described in Item 1.01 above, the Registrant terminated its Existing Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. and other lenders
  - Value: $500,000,000 revolving credit facility
  - Effective: 2022-11-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1086222/000119312522292004/0001193125-22-292004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.