---
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"
generated_at: "2026-05-21T01:08:19.516465+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Akamai issues $1.725B of 0.25% convertible notes due 2033, uses $300M to buy back shares

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-122451
- JSON: https://secwatch.observer/filing/0001193125-25-122451.json
- Plain text: https://secwatch.observer/filing/0001193125-25-122451.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $1,725,000,000
  - Counterparty: Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC
  - Rate: 0.25% per year, payable semiannually in arrears on May 15 and November 15 of eac
  - Maturity: May 15, 2033
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1086222/000119312525122451/0001193125-25-122451-index.htm

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