Corporate$AKAM5:05 PM ET2 wires · v2

Akamai Closes $2.5 Billion Convertible Note Offering to Refinance Debt and Fund Cloud Infrastructure

By BORSA NewsroomPublished Nov 12, 2026, 5:05 PM ESTUpdated Nov 12, 2026, 5:07 PM EST

Akamai closed a $2.5 billion offering of 1.00% convertible senior notes due 2028 and 2031. Net proceeds were about $2.46 billion. The company will use the funds to repay a portion of its $1.15 billion 2027 convertible notes and to fund its Cloud Infrastructure Services business.

Sentimentbullish 65

Bullish · 65 of 100

Impact40

low · stays off the top drivers

Confidence95%

high confidence · 2 wires

Eventconfirmed

v2 · alerted to followers

WHAT WE KNOW

Akamai closed $2.5B in 1.00% convertible senior notes due 2028 and 2031.