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Akamai pairs cloud expansion with US$2.2 billion convertible note plan
11:10pm on Monday 9th of November, 2026 AEDT
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Akamai pairs cloud expansion with US$2.2 billion convertible note plan
11:10pm on Monday 9th of November, 2026 AEDT
Key Points
US$2.2 billion proposed convertible note offering, with a further US$300 million available
Proceeds intended partly to address US$1.15 billion of convertible notes due in 2027
Leverage covenant rises to 6.25 times before stepping down to 3.75 times by March 2028
Cloud Infrastructure Services capital spending identified as a use of funds
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