CAMBRIDGE, Mass., May 13, 2025/PRNewswire/ -- Akamai Technologies, Inc. $(AKAM)$, a leading cybersecurity and cloud computing company, announced its proposal to offer $1.35 billion in aggregate principal amount of convertible senior notes due 2033. The notes will be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Additionally, Akamai has given initial purchasers the option to acquire up to an additional $202.5 million in notes. The proceeds from this offering will be used for various corporate purposes, including the repayment of existing debts. The notes, which are senior unsecured obligations, will mature on May 15, 2033, unless repurchased or converted earlier. The interest on these notes will be paid semi-annually starting November 15, 2025.
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