Key facts: Akamai raises covenant; files $1.3B 2030, 2032 notes
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Akamai (AKAM) amended its credit agreement with JPMorgan and lenders, effective May 18, 2026, raising a leverage covenant to provide additional covenant headroom and near-term financial flexibility.1Akamai filed to sell $1.3B 2030 and $1.3B 2032 0% convertible senior notes (plus $200M each option) to institutions; may convert to cash or shares. Proceeds for cloud capex, buybacks, general uses.2
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