---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-120317"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:28:13.531107+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Akamai prices $1.5B convertible notes due 2033, 0.25% coupon, $300M buyback

## Summary
- $1.5B aggregate principal of 0.25% convertible senior notes due 2033, upsized from $1.35B.
- Conversion price $93.01/share, ~20% premium over $77.51 closing price on May 14, 2025.
- Net proceeds ~$1.479B; use includes $250M credit facility repayment, $239.1M note hedges, $300M share repurchase.
- Initial purchasers have option for additional $225M notes; closing expected May 19, 2025.
- Company entered convertible note hedge and warrant transactions to reduce dilution.

## SEC filing metadata
- accession: 0001193125-25-120317
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312525120317/0001193125-25-120317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312525120317/d912420d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-120317
- JSON: https://secwatch.observer/filing/0001193125-25-120317.json
- Plain text: https://secwatch.observer/filing/0001193125-25-120317.txt

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