---
title: "Akamai prices $3.0B upsized 0% convertible notes due 2030 and 2032"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287059605.md"
description: "Akamai has priced an upsized private offering of $3.0B in 0% convertible notes, with $1.5B due in 2030 and $1.5B due in 2032. The offering was increased from $1.3B each, with initial conversion prices set at ~$201.41 and ~$190.81. Estimated net proceeds are ~$2.96B, intended for capital expenditures and general corporate purposes. The company plans to repurchase ~$350M of common stock from note purchasers."
datetime: "2026-05-20T11:53:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287059605.md)
  - [en](https://longbridge.com/en/news/287059605.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287059605.md)
---

# Akamai prices $3.0B upsized 0% convertible notes due 2030 and 2032

**Akamai priced an upsized private offering of $1.5B 0% convertible notes due 2030 and $1.5B due 2032.**

**Key Highlights:**

-   Sold $1.5B 0% convertible senior notes due May 15, 2030 and $1.5B due May 15, 2032 to qualified institutional buyers.
-   Offering upsized from $1.3B each; initial purchasers have option for an extra $250M on each series.
-   Initial conversion prices: ~$201.41 (2030 notes, 4.9650 shares/$1,000) and ~$190.81 (2032 notes, 5.2408 shares/$1,000).
-   Estimated net proceeds ~$2,958.0M (or ~$3,451.8M if options exercised); proceeds to fund CIS capex, global build-out and general corporate purposes.
-   Company entered convertible hedge and warrant transactions; expects to repurchase ~$350M of common stock from note purchasers at $141.34/share.

Original SEC Filing: AKAMAI TECHNOLOGIES INC \[ AKAM \] - 8-K - May. 20, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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