India, May 14 -- Akamai Technologies Inc. (AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced that it has priced its private offering of $1.5 billion in aggregate principal amount of convertible senior notes due 2033.
In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million in aggregate principal amount of notes on the same terms and conditions.
The sale of the notes is expected to close on May 19, 2025. The offering was upsized from the previously announced offering of $1.35 billion aggregate principal amount of convertible senior notes.
The notes will be senior unsecured obligations of Akamai and will mature on May ...