December 20, 2004 — (WEB HOST INDUSTRY REVIEW) — Content delivery network operator Akamai Technologies (akamai.com) announced on Monday that it re-purchased an additional $24.9 million in principal amount of its 5.5 percent convertible subordinated notes due in 2007. The transaction was completed last Friday.
The company says it has re-purchased a total of $243.4 million in principal amount of its 5.5 percent notes. A total of $56.6 million is outstanding.
The company said that in order to complete the most recent purchase, it paid $26.1 million in cash to an institutional investor.
