---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-213918"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:15:20.110084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Akamai prices $1.1B convertible notes due 2029, upsized from $1B

## Summary
- Offers $1.1B principal of 1.125% notes due Feb 2029; initial purchasers have $165M over-allotment option.
- Conversion price ~$126.31/share (22.5% premium over $103.11 closing price); net proceeds ~$1,084.5M.
- Expects to use proceeds to repay part of $1.15B 0.125% notes due 2025 and $75M for share repurchases.
- Enters convertible note hedge and warrant transactions to reduce dilution; net cost ~$127.3M.
- Offering expected to close August 18, 2023; notes sold only to QIBs under Rule 144A.

## SEC filing metadata
- accession: 0001193125-23-213918
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312523213918/0001193125-23-213918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312523213918/d515301d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-213918
- JSON: https://secwatch.observer/filing/0001193125-23-213918.json
- Plain text: https://secwatch.observer/filing/0001193125-23-213918.txt

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