Akamai Plans $2.2 Billion Convertible Debt Offering
Akamai Technologies plans a proposed $2.2 billion convertible senior notes offering to refinance existing debt and fund cloud infrastructure expansion.
Akamai Technologies (AKAM) announced a proposed $2.2 billion convertible senior notes offering on Monday, planning to use the proceeds to refinance existing debt and fund its expanding cloud infrastructure business.The offering comprises $1.1 billion in notes due in 2028 and another $1.1 billion du…