product · May 20, 2026
Akamai Seeks to Raise $2.6 Billion in Convertible Bond Offering
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Akamai Technologies Inc. seeks to raise $2.6 billion in a convertible bond offering on May 18, 2026. The company plans two $1.3 billion tranches of zero-coupon bonds due in 2030 and 2032. Akamai will use proceeds to fund cloud computing infrastructure spending. Pricing of the bonds occurs after the New York market closes on May 19, 2026. Bloomberg News reported the deal terms from a company statement.
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