We advised the initial purchasers on the offering

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 $1.25 billion of its 1.00% convertible senior notes due 2028, which included $150 million aggregate principal amount of 2028 notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes and an aggregate principal amount of $1.25 billion of its 1.00% convertible senior notes due 2031, which included $150 million aggregate principal amount of 2031 notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions in connection with the offering.

Headquartered in Cambridge, Massachusetts, Akamai is the cloud company that powers and protects an AI-driven world. Its cloud platform extends high-performance cloud computing from the core to the edge, enabling organizations to build and scale next-generation AI applications and providing comprehensive, multilayered security to safeguard enterprises against evolving cyberthreats.

The Davis Polk capital markets team included partner Stephen A. Byeff and associate Kerim K. Aksoy. The equity derivatives team included partners Mark M. Mendez and Mark. J. DiFiore and associates Alexander S. Pettingell, Ji Hwan Kim, Melissa X. Estrada and Selena (Zhijun) Fu. The tax team included partner Aliza Slansky and associate Betsy Johnson. All members of the Davis Polk team are based in the New York office.

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