Akamai Technologies has priced a private offering of $2.2 billion in convertible senior notes due in 2028 and 2031, with an option to increase by $300 million. The notes bear 1.00% interest and offer conversion premiums of 27.5% to 40% over current stock price. Proceeds will be used to repay $1.15 billion of convertible notes maturing in 2027 and to fund capital expenditures for its Cloud Infrastructure Services. Akamai also entered convertible note hedge and warrant transactions to manage dilution and cash payment risks associated with the offering.
Akamai Technologies shares are trading at USD 80.40 on Pluang as of Nov 10, 2026 09:41 WIB, down 3.24% in the last day. The stock's market cap stands at $11.94 billion, reflecting investor interest despite the recent convertible notes offering. Pluang users show strong buying activity with 100% of orders on Akamai being buys at this time.
