Akamai Proposes $1.1 Billion Convertible Senior Notes Offering Due 2028
Akamai said it proposes to offer $1.1 billion in aggregate principal amount of convertible senior notes due 2028, subject to market factors and other conditions.
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11:27:58 AM UTC
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Akamai proposes $1.1B each of convertible senior notes due 2028 and 2031, subject to market factors and other conditions. Proceeds are intended to repay or fund conversions of 2027 notes and support cloud infrastructure capex.Material DetailsContext by AI AnalystThis is a proposed financing, not a…
CAMBRIDGE, Mass., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Akamai Technologies, Inc. NASDAQ:AKAM (“Akamai”), today announced that it proposes to offer, subject to market factors and other conditions, $1.1 billion in aggregate principal amount of convertible senior notes due 2028 (the “2028 Notes”) and $1…