Form 8-K · Current Report · Filed 2025-05-19
Akamai Completes Convertible Note Offering and Share Repurchase
Akamai Technologies, Inc. completed a $1.725 billion offering of 0.25% Convertible Senior Notes due 2033, which will be used to repay existing debt and for share repurchases. Additionally, Akamai used part of the net proceeds to repurchase shares of its common stock.
- Filer
- Akamai Technologies Inc. AKAM · NASDAQ
- Filed
- Accession
- 0001193125-25-122451
- CIK
- 0001086222
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$78.03
Next session
-0.7%
Since filing
+47.6%
Latest close
$115.18
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AKAM reporting the same item, with the next session's move:
Exhibits (3)
About Akamai Technologies Inc.
Akamai Technologies Inc. is a leading provider of cloud services for global content delivery, application performance, and secure digital experiences. It plays a crucial role in enabling enterprises to deliver media-rich content efficiently and securely across the internet. Akamai’s robust network infrastructure is renowned for its ability to handle large-scale web traffic, ensuring swift data transfer and reduced latency for users worldwide. The company’s services are pivotal in areas such as media and entertainment, online gaming, software downloads, and e-commerce, where high-speed, uninterrupted service is essential. Additionally, Akamai offers comprehensive security solutions that protect websites and online data from cyber threats, making it a vital partner for businesses seeking to maintain data integrity and secure customer interactions. Based in Cambridge, Massachusetts, Akamai Technologies operates globally, supporting a diverse range of industries with its innovative solutions for digital transformation and cybersecurity.
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