---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-212343"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:58:12.353726+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Akamai proposes $1B convertible notes due 2029; proceeds to refinance 2025 notes and buy back stock

## Summary
- Offering $1B in convertible senior notes due 2029, plus up to $150M additional option to initial purchasers.
- Net proceeds to repay $1.15B of 0.125% convertible notes due 2025, or pay cash upon conversion.
- Approximately $68M of net proceeds used to repurchase common stock from note purchasers.
- Interest payable semi-annually; final maturity February 15, 2029.
- Company will enter convertible note hedge and warrant transactions to reduce potential dilution.

## SEC filing metadata
- accession: 0001193125-23-212343
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312523212343/0001193125-23-212343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312523212343/d891386d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-212343
- JSON: https://secwatch.observer/filing/0001193125-23-212343.json
- Plain text: https://secwatch.observer/filing/0001193125-23-212343.txt

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