---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-237084"
form_type: "8-K"
ticker: "AKAM"
cik: "0001086222"
company_name: "AKAMAI TECHNOLOGIES INC"
filed_at: "2026-05-22T20:44:37+00:00"
generated_at: "2026-05-22T20:47:14.483686+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Akamai closes $3.5B zero-coupon convertible note offering; repurchases $350M in stock

## Summary
- Issued $1.75B in 0.00% Convertible Senior Notes due 2030 and $1.75B due 2032.
- Used $236.6M of net proceeds for convertible note hedge transactions; $350M to repurchase 2,476,298 shares at $141.34/share.
- Remaining proceeds for Cloud Infrastructure Services (CIS) capex build-out and general corporate purposes.
- Convertible note hedge and warrant transactions entered with dealers to reduce potential dilution upon conversion.
- Initial conversion prices: ~$201.41 (2030) and ~$190.81 (2032), representing ~42.5% and ~35% premiums over $141.34 closing price.

## SEC filing metadata
- accession: 0001193125-26-237084
- form_type: 8-K
- ticker: AKAM
- cik: 0001086222
- company_name: AKAMAI TECHNOLOGIES INC
- filed_at: 2026-05-22T20:44:37+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086222/000119312526237084/0001193125-26-237084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086222/000119312526237084/d144441d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-237084
- JSON: https://secwatch.observer/filing/0001193125-26-237084.json
- Plain text: https://secwatch.observer/filing/0001193125-26-237084.txt

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