Akamai Technologies, Inc. (NASDAQ:AKAM) (“Akamai”), the cloud company that powers and protects life online, today announced that it has priced its private offering of $1,100,000,000 in aggregate principal amount of convertible senior notes due 2029. The notes will be sold only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $165,000,000 in aggregate principal amount of notes on the same terms and conditions. The sale of the notes is expected to close on August 18, 2023, subject to customary closing conditions. The offering was upsized from the previously announced offering of $1,000,000,000 in aggregate principal amount of convertible senior notes.
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