---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-231745"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2026-05-20T11:45:16+00:00"
generated_at: "2026-05-20T11:51:33.016766+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Akamai prices $1.5B each of 2030 and 2032 convertible notes (0% coupon) in upsized $3B offering

## Summary
- Priced $1.5B 0% convertible notes due 2030 and $1.5B due 2032, upsized from $1.3B each; option for additional $250M each.
- Conversion prices: ~$201.41/share (2030, 42.5% premium) and ~$190.81/share (2032, 35% premium) based on $141.34 closing price.
- Net proceeds ~$2.958B (up to $3.452B with option); intends ~$203M for hedge cost, ~$350M for share buybacks, remainder for CIS capex.
- Entered convertible note hedge and warrant transactions to reduce dilution from conversions and offset cash payments.
- Closing expected May 22, 2026.

## SEC filing metadata
- accession: 0001193125-26-231745
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2026-05-20T11:45:16+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312526231745/0001193125-26-231745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312526231745/d227940d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-231745
- JSON: https://secwatch.observer/filing/0001193125-26-231745.json
- Plain text: https://secwatch.observer/filing/0001193125-26-231745.txt

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