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Cisco Prices $6.25 Billion of Senior Unsecured Notes
Sep. 13, 2016 10:38PM PST
Data Investing
SAN JOSE, CA–(Marketwired – Sep 13, 2016) – Cisco (NASDAQ: CSCO) today announced the pricing of five series of senior unsecured notes in an aggregate principal amount of $6.25 billion. The offering is expected to close on September 20, 2016, subject to customary closing conditions. Of these notes, $500 million will mature in September 2019 …
SAN JOSE, CA–(Marketwired – Sep 13, 2016) – Cisco (NASDAQ: CSCO) today announced the pricing of five series of senior unsecured notes in an aggregate principal amount of $6.25 billion. The offering is expected to close on September 20, 2016, subject to customary closing conditions.
Of these notes, $500 million will mature in September 2019 and will bear interest at a floating rate equal to three-month LIBOR plus 34 basis points, $1.5 billion will mature in September 2019 and will bear interest at an annual rate of 1.400%, $2 billion will mature in September 2021 and will bear interest at an annual rate of 1.850%, $750 million will mature in September 2023 and will bear interest at an annual rate of 2.200% and $1.5 billion will mature in September 2026 and will bear interest at an annual rate of 2.500%.
Cisco intends to use the net proceeds from this offering for general corporate purposes, which may include repurchases of its common stock, repayment of debt, including the repayment of previously issued senior unsecured notes, acquisitions, investments, additions to working capital, capital expenditures, cash dividends and advances to or investments in its subsidiaries.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-800-831-9146
Email: prospectus@citi.com
HSBC Securities (USA) Inc.
Attn: Transaction Management
452 Fifth Avenue
New York, NY 10018
Telephone: 1-866-811-8049
Email: tmg.americas@us.hsbc.com
J.P. Morgan Securities LLC
Attn: High Grade Syndicate Desk – 3rd Floor
383 Madison Avenue
New York, NY 10179
Telephone: 1-212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attn: Prospectus Department
NC1-004-03-43
200 North College Street, 3rd Floor
Charlotte, NC 28255
Telephone: 1-800-294-1322
Email: dg.prospectus_requests@baml.com
Morgan Stanley & Co. LLC
180 Varick Street
New York, NY 10014
Attention: Prospectus Department
Telephone: 1-866-718-1649
RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds
Of these notes, $500 million will mature in September 2019 and will bear interest at a floating rate equal to three-month LIBOR plus 34 basis points, $1.5 billion will mature in September 2019 and will bear interest at an annual rate of 1.400%, $2 billion will mature in September 2021 and will bear interest at an annual rate of 1.850%, $750 million will mature in September 2023 and will bear interest at an annual rate of 2.200% and $1.5 billion will mature in September 2026 and will bear interest at an annual rate of 2.500%.
Cisco intends to use the net proceeds from this offering for general corporate purposes, which may include repurchases of its common stock, repayment of debt, including the repayment of previously issued senior unsecured notes, acquisitions, investments, additions to working capital, capital expenditures, cash dividends and advances to or investments in its subsidiaries.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-800-831-9146
Email: prospectus@citi.com
HSBC Securities (USA) Inc.
Attn: Transaction Management
452 Fifth Avenue
New York, NY 10018
Telephone: 1-866-811-8049
Email: tmg.americas@us.hsbc.com
J.P. Morgan Securities LLC
Attn: High Grade Syndicate Desk – 3rd Floor
383 Madison Avenue
New York, NY 10179
Telephone: 1-212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attn: Prospectus Department
NC1-004-03-43
200 North College Street, 3rd Floor
Charlotte, NC 28255
Telephone: 1-800-294-1322
Email: dg.prospectus_requests@baml.com
Morgan Stanley & Co. LLC
180 Varick Street
New York, NY 10014
Attention: Prospectus Department
Telephone: 1-866-718-1649
RSS Feed for Cisco: https://newsroom.cisco.com/rss-feeds
Press Contacts:
Andrea Duffy
Cisco
+1 (212) 714 4152
anduffy@cisco.com
Investor Relations Contacts:
Marilyn Mora
Cisco
+1 (408) 527 7452
marilmor@cisco.com
Marty Palka
Cisco
+1 (408) 526 6635
mpalka@cisco.com