Akamai Raises $2.5 Billion Through Convertible Notes Due 2028 and 2031
Akamai completed a $2.5 billion private offering, split evenly between notes due in 2028 and 2031, and entered into related hedge and warrant transactions. It expects to use remaining proceeds toward obligations on its 2027 convertible notes and cloud infrastructure capital expenditures.
Akamai completed a $2.5 billion private offering of convertible notes, split evenly between notes due in 2028 and 2031, and entered into related hedge and warrant transactions. The company expects to use remaining proceeds toward obligations on its 2027 convertible notes, cloud infrastructure capit…