---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-118908"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T12:37:37.642088+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Akamai proposes $1.35B convertible notes due 2033; upsizes credit facility to $1B

## Summary
- Offers $1.35B in convertible senior notes due 2033; underwriters may purchase additional $202.5M.
- Proceeds used to repay ~$250M credit facility borrowings and part of $1.15B 0.375% notes due 2027.
- Plans to repurchase ~$275M of common stock from note purchasers in private transactions.
- Enters convertible note hedge and warrant transactions to reduce dilution on conversion.
- Credit facility amended: revolver increased from $500M to $1B; maturity extended to Nov 2028.

## SEC filing metadata
- accession: 0001193125-25-118908
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312525118908/0001193125-25-118908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312525118908/d942780d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-118908
- JSON: https://secwatch.observer/filing/0001193125-25-118908.json
- Plain text: https://secwatch.observer/filing/0001193125-25-118908.txt

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