product · May 20, 2026
Akamai Proposes $2.6 Billion Convertible Notes Offering for Capex and Share Repurchases
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Akamai proposed a $2.6 billion offering of 0% convertible senior notes on May 18, 2026, split into $1.3 billion due May 15, 2030 and $1.3 billion due May 15, 2032. Akamai plans to use net proceeds after hedging and warrants, plus $350 million in stock repurchases, to accelerate capital expenditures on its distributed AI inference infrastructure. Akamai already operates a 41-datacenter IaaS footprint and holds a four-year $200 million AI compute agreement tied to Blackwell GPUs. Akamai's Inference Cloud launched in 2025.
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