The convertible senior notes are due 2029

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Akamai Technologies, Inc. of an aggregate principal amount of $1.1 billion of its 1.125% convertible senior notes due 2029. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions in connection with the offering.

Headquartered in Cambridge, Massachusetts, Akamai develops and provides solutions to power and protect life online through its massively distributed worldwide network of servers. This platform, which Akamai recently began referring to as the Akamai Connected Cloud, comprises an edge and cloud architecture for cloud computing, security and content delivery. 

The Davis Polk capital markets team included partner Stephen A. Byeff and associate Tomer Magid. The equity derivatives team included partner Mark M. Mendez, counsel Katharine O’Banion, Justin Michael and Hanbing Zhang and associates Amy Cheng and Alexander S. Pettingell. Partner Michael Farber provided tax advice. The intellectual property team included partner Pritesh P. Shah. All members of the Davis Polk team are based in the New York office.

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