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Akamai Announces Pricing of Offering of Convertible Senior Notes
GlobeNewswire Inc.·
Akamai Technologies announced a $2.2 billion offering of convertible senior notes ($1.1 billion due 2028 at 1.00% and $1.1 billion due 2031 at 1.00%) priced on November 9, 2026. The company plans to use net proceeds to repay maturing 2027 convertible notes and fund capital expenditures for its Cloud Infrastructure Services business. The 2028 notes have a conversion price of $112.41 per share (40% premium to current price), while 2031 notes have a conversion price of $102.37 per share (27.5% premium).
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