Akamai announces offering of $1.35B of convertible senior notes due 2033

Akamai (AKAM) Technologies announced that it proposes to offer, subject to market factors and other conditions, $1.35B in aggregate principal amount of convertible senior notes due 2033. The notes are to be sold only to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended.