people · May 21, 2026
Akamai Proposes $2.6B Convertible Senior Notes Offering Due 2030 and 2032
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Akamai announced a proposed offering of $1.3 billion in 0% convertible senior notes due 2030 and $1.3 billion due 2032 on May 18, 2026. The company plans to use net proceeds to fund accelerated capital expenditures for Cloud Infrastructure Services, prioritizing global footprint build-out, plus general corporate purposes and potential share repurchases. Akamai also granted initial purchasers an option for an additional $400 million total across both note series. Akamai CEO Tom Leighton highlighted the record AI cloud deal in the first-quarter earnings call on the same day.
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