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Akamai Technologies finished a $2.5 billion deal to sell convertible senior notes to pay off debt and fund projects.

New sharesRead the original at globenewswire.com
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Akamai raised $2.5 billion in convertible notes at a higher rate than the older notes being repaid, and will also fund cloud infrastructure. It expects better cash flow from cloud contracts starting in 2027, but those gains have not happened yet, so the story does not show a clear change in its outlook.

AKAM · Akamai Technologies, Inc.

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The AI's read

The sale gives Akamai money for cloud infrastructure and some debt repayment. The new notes carry a higher interest rate than the older notes being repaid. Akamai expects better cash flow from cloud contracts starting in 2027, but those gains have not happened yet. The story does not say how much debt will be repaid or how much cash the investment will bring, so it does not point clearly in either direction.

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