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 $1.75 billion of its 0.00% convertible senior notes due 2030, which included $250 million aggregate principal amount of 2030 notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes and an aggregate principal amount of $1.75 billion of its 0.00% convertible senior notes due 2032, which included $250 million aggregate principal amount of 2032 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 cybersecurity and cloud computing company that powers and protects business online. Its market-leading security solutions, superior threat intelligence and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform.

The Davis Polk capital markets team included partner Stephen A. Byeff and associates Yuchen Liu and Paul M. Sessa. The equity derivatives team included partners Mark M. Mendez and Mark. J. DiFiore and associates Ji Hwan Kim, Melissa X. Estrada and Selena (Zhijun) Fu. The tax team included partner Aliza Slansky. 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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