Akamai Technologies Enters Material Definitive Agreement

TL;DR

Akamai just signed a big deal, creating a new financial obligation. Details TBD.

AI Summary

Akamai Technologies, Inc. entered into a material definitive agreement on April 17, 2025. This agreement creates a direct financial obligation for the registrant. The filing does not specify the nature of the agreement or the financial obligation.

Why It Matters

This filing indicates a significant new financial commitment or contract for Akamai Technologies, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, but lacks specific details, creating uncertainty about the associated risks.

Key Players & Entities

• Akamai Technologies, Inc. (company) — Registrant
• April 17, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001086222-25-000138.txt : 20250418 0001086222-25-000138.hdr.sgml : 20250418 20250418160231 ACCESSION NUMBER: 0001086222-25-000138 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250417 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250418 DATE AS OF CHANGE: 20250418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AKAMAI TECHNOLOGIES INC CENTRAL INDEX KEY: 0001086222 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services EIN: 043432319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27275 FILM NUMBER: 25850460 BUSINESS ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174443000 MAIL ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 8-K 1 akam-20250417.htm 8-K akam-20250417 0001086222 false 0001086222 2025-04-17 2025-04-17      UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 17, 2025 AKAMAI TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 000-27275 04-3432319 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 145 Broadway Cambridge , MA 02142 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 617 ) 444-3000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value AKAM Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement On April 17, 2025, Akamai Technologies, Inc. (the “Registrant”) entered into an Amendment No. 1 (the “First Amendment”) by and among the Registrant, the financial institutions identified therein as lenders and JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), which amends that certain Credit Agreement, dated November 22, 2022, by and among the Registrant, the financial institutions party thereto as lenders and the Agent. The First Amendment, among other things, removes the credit spread adjustment that was applicable to SOFR borrowings. The description of the First Amendment contained herein is qualified in its entirety by reference to the First Amendment, a copy of which is filed herewith as Exhibit 10