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Akamai Technologies Prices Upsized $3 Billion Private Debt Offering

BY MT Newswires | CORPORATE | 05:24 AM EDT

05:24 AM EDT, 05/20/2026 (MT Newswires) -- Akamai Technologies (AKAM) priced a private offering of $1.5 billion of 0% convertible senior unsecured notes due May 15, 2030, and $1.5 billion of 0% convertible senior unsecured notes due May 15, 2032, the company said late Tuesday.

The sale was upsized from a previous planned $1.3 billion in each case.

Initial purchasers have an option to buy up to an additional $250 million of each series of the notes.

The company expects the sale of the notes to close Friday and plans to use part of the total estimated net proceeds of about $2.96 billion for share repurchases, among other things.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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