Cisco Systems, Inc. has announced the issuance of $13.5 billion in senior notes with varying maturities ranging from 2026 to 2064. The offering includes seven tranches with interest rates from 4.900% to 5.350%. Interest on the notes will be paid semiannually, starting August 26, 2024, with the first accrual beginning February 26, 2024. The notes will mature on February 26 of their respective years. Cisco may redeem the notes at any time, subject to certain conditions, and has outlined a Special Mandatory Redemption event tied to the consummation of an acquisition. The notes are unsecured and rank equally with Cisco's other senior unsecured indebtedness. The offering, led by a syndicate of banks including BofA Securities, Barclays, and Citigroup, is expected to close on or about February 26, 2024.

Cisco Systems, Inc. has announced the issuance of $13.5 billion in senior notes with varying maturities ranging from 2026 to 2064. The offering includes seven tranches with interest rates from 4.900% to 5.350%. Interest on the notes will be paid semiannually, starting August 26, 2024, with the first accrual beginning February 26, 2024. The notes will mature on February 26 of their respective years. Cisco may redeem the notes at any time, subject to certain conditions, and has outlined a Special Mandatory Redemption event tied to the consummation of an acquisition. The notes are unsecured and rank equally with Cisco's other senior unsecured indebtedness. The offering, led by a syndicate of banks including BofA Securities, Barclays, and Citigroup, is expected to close on or about February 26, 2024.