secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001193125-25-120317
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000119312525120317/0001193125-25-120317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000119312525120317/d912420d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-120317

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