<div><div></div><div><span><p><strong><span>Akamai priced an upsized private offering of $1.5B 0% convertible notes due 2030 and $1.5B due 2032.</span></strong></p><p><strong><span>Key Highlights:</span></strong></p><ul><li><span>Sold $1.5B 0% convertible senior notes due May 15, 2030 and $1.5B due May 15, 2032 to qualified institutional buyers.</span></li><li><span>Offering upsized from $1.3B each; initial purchasers have option for an extra $250M on each series.</span></li><li><span>Initial conversion prices: ~$201.41 (2030 notes, 4.9650 shares/$1,000) and ~$190.81 (2032 notes, 5.2408 shares/$1,000).</span></li><li><span>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.</span></li><li><span>Company entered convertible hedge and warrant transactions; expects to repurchase ~$350M of common stock from note purchasers at $141.34/share.</span></li></ul><p><span>Original SEC Filing: </span>AKAMAI TECHNOLOGIES INC [ AKAM ] - 8-K - May. 20, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div><span>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.</span></div></section></span></div></div>

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<p>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.</p>

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