{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-122451","form_type":"8-K","ticker":"AKAM","cik":"0001086222","company_name":"AKAMAI TECHNOLOGIES INC","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.467041+00:00","generated_at":"2026-05-21T01:08:19.516465+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 $1.725B of 0.25% convertible notes due 2033, uses $300M to buy back shares","bullets":["$1.725B aggregate principal of 0.25% Convertible Senior Notes due May 15, 2033; initial conversion price ~$93.01 (20% premium).","Net proceeds used: $300M to repurchase 3,870,468 shares at $77.51, $275M for hedge cost, $250M to repay revolver.","Entered convertible note hedge and warrant transactions to reduce potential dilution from conversion.","Notes sold in private placement to QIBs; not redeemable before maturity; holders can force repurchase in 2031 if stock below conversion price.","Also intends to repay $250M of revolver and part of $1.15B 0.375% 2027 notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-122451","json":"https://secwatch.observer/filing/0001193125-25-122451.json","markdown":"https://secwatch.observer/filing/0001193125-25-122451.md","text":"https://secwatch.observer/filing/0001193125-25-122451.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1086222/000119312525122451/0001193125-25-122451-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1086222/000119312525122451/d948474d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T01:08:19.516465+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":"10754089ded6f2a3e2a986947b72c10f19007dbb","claim":"AKAMAI TECHNOLOGIES INC incurred convertible notes of $1,725,000,000 with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC at 0.25% per year, payable semiannually in arrears on May 15 and November 15 of eac maturing May 15, 2033.","evidence_excerpt":"buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Notes sold in the offering was $1.725 billion, which includes $225.0 million in aggregate principal amount of Notes issued pursuant to the Initial Purchasers’ option to purchase Notes on the same terms and conditions, which","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1086222/000119312525122451/0001193125-25-122451-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,725,000,000"},{"label":"Counterparty","value":"Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC"},{"label":"Rate","value":"0.25% per year, payable semiannually in arrears on May 15 and November 15 of eac"},{"label":"Maturity","value":"May 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}