Summary by Futu AI
Cisco Systems, Inc. (Cisco) has announced the offering of multiple series of Senior Notes with varying interest rates and maturity dates, as detailed in a preliminary prospectus supplement filed pursuant to Rule 424(b)(2). The offering includes a range of Senior Notes due on unspecified dates in the future, with interest rates to be determined. Interest on the notes will be paid semiannually, beginning in 2024. The notes are subject to optional redemption by the company, with a Special Mandatory Redemption clause that requires Cisco to redeem all notes at 101% of the aggregate principal amount, plus accrued interest, if the Acquisition (as defined in the prospectus) is not completed by a specified date or if Cisco decides not to pursue the Acquisition...Show More