{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-215943","form_type":"8-K","ticker":"AKAM","cik":"0001086222","company_name":"AKAMAI TECHNOLOGIES INC","filed_at":"2023-08-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.109673+00:00","generated_at":"2026-06-11T06:46:40.122879+00:00","sec_items":["1.01","8.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Akamai issues $1.1B of 1.125% convertible notes due 2029, buys back $75M of stock","bullets":["Offered $1.1B aggregate principal of 1.125% Convertible Senior Notes due Feb 15, 2029; initial purchasers have option for additional $165M.","Initial conversion price ~$126.31 per share (22.5% premium over $103.11 closing price on Aug 15, 2023).","Used ~$75M of net proceeds to repurchase 727,379 shares at $103.11 per share.","Used ~$127.3M for convertible note hedge transactions (cost partially offset by warrant sale proceeds).","Remaining net proceeds to repay 0.125% 2025 Convertible Notes ($1.15B outstanding) at maturity or upon conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-215943","json":"https://secwatch.observer/filing/0001193125-23-215943.json","markdown":"https://secwatch.observer/filing/0001193125-23-215943.md","text":"https://secwatch.observer/filing/0001193125-23-215943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1086222/000119312523215943/0001193125-23-215943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1086222/000119312523215943/d525419d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:46:40.122879+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":"b14d2113f761b568f9ee35ac19ab6fb9947aad76","claim":"AKAMAI TECHNOLOGIES INC incurred convertible notes of $1,100,000,000 in aggregate principal amount with U.S. Bank Trust Company, National Association at 1.125% per year maturing February 15, 2029.","evidence_excerpt":"completed its previously announced offering of $1,100,000,000 in aggregate principal amount of its 1.125% Convertible Senior Notes due February 15, 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312523215943/0001193125-23-215943-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,100,000,000 in aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"1.125% per year"},{"label":"Maturity","value":"February 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4e2f9f273a05968c70924a33cab64973b88b8cad","claim":"AKAMAI TECHNOLOGIES INC entered into 1.125% Convertible Senior Notes due February 15, 2029 with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc. valued at $1,100,000,000 aggregate principal amount of 1.125% Convertible Senior Notes due February 15, 2029 (effective 2023-08-18).","evidence_excerpt":"On August 18, 2023, Akamai Technologies, Inc. (“Akamai”) completed its previously announced offering of $1,100,000,000 in aggregate principal amount of its 1.125% Convertible Senior Notes due February 15, 2029 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312523215943/0001193125-23-215943-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc."},{"label":"Value","value":"$1,100,000,000 aggregate principal amount of 1.125% Convertible Senior Notes due February 15, 2029"},{"label":"Effective","value":"2023-08-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}