牛牛AI助手已提取核心信息
On February 2, 2024, Cisco Systems, Inc. (Cisco) announced the entry into a Third Amended and Restated Credit Agreement, providing a five-year $5.0 billion unsecured revolving credit facility, with Bank of America acting as the administrative agent. The facility includes various sublimits for standby letters of credit, swingline loans, and borrowings in non-U.S. currencies, with an option to increase borrowing up to $7.0 billion. The agreement allows for a potential extension of the credit facility's maturity by an additional year, twice. Interest rates for loans under this agreement are tied to Cisco's senior debt credit ratings and vary based on the currency of the loan. Cisco is also subject to a quarterly commitment fee and fees on outstanding letters...Show More
On February 2, 2024, Cisco Systems, Inc. (Cisco) announced the entry into a Third Amended and Restated Credit Agreement, providing a five-year $5.0 billion unsecured revolving credit facility, with Bank of America acting as the administrative agent. The facility includes various sublimits for standby letters of credit, swingline loans, and borrowings in non-U.S. currencies, with an option to increase borrowing up to $7.0 billion. The agreement allows for a potential extension of the credit facility's maturity by an additional year, twice. Interest rates for loans under this agreement are tied to Cisco's senior debt credit ratings and vary based on the currency of the loan. Cisco is also subject to a quarterly commitment fee and fees on outstanding letters of credit, which are contingent on its credit ratings. The credit agreement includes customary representations, warranties, affirmative and negative covenants, and requires Cisco to maintain a minimum EBITDA to interest expense ratio. Events of default are outlined, with consequences including the potential acceleration of payment obligations. BofA Securities, Inc. and other financial institutions are joint lead arrangers and bookrunners for the facility. Cisco maintains various commercial relationships with the lenders, and the lenders have provided, and may continue to provide, various services to Cisco for customary compensation. Additionally, on February 6, 2024, Cisco instructed Citibank, N.A. to increase the size of its commercial paper program from $10 billion to $15 billion.
2024年2月2日，思科系统公司（思科）宣布签订第三份经修订和重述的信贷协议，提供为期五年的50亿美元无抵押循环信贷额度，由美国银行担任管理代理。该融资机制包括备用信用证、swingline贷款和非美国货币借款的各种次级限额，并可选择将借款增加至70亿美元。该协议允许将信贷额度的期限再延长一年，两次。本协议下的贷款利率与思科的优先债务信用评级挂钩，并因贷款货币而异。思科还需要缴纳季度承诺费和未付信用证的费用，这些费用视其信用评级而定。信贷协议包括惯常陈述、担保、肯定和否定承诺，并要求思科维持最低息税折旧摊销前利润与利息支出比率。概述了违约事件，其后果包括可能加速履行付款义务。美银证券公司和其他金融机构是该基金的联合牵头安排人和账簿管理人。思科与贷款人保持着各种商业关系，贷款人已经向思科提供并可能继续提供各种服务，以获得惯常补偿。此外，思科于2024年2月6日指示北卡罗来纳州花旗银行将其商业票据计划的规模从100亿美元增加到150亿美元。
2024年2月2日，思科系统公司（思科）宣布签订第三份经修订和重述的信贷协议，提供为期五年的50亿美元无抵押循环信贷额度，由美国银行担任管理代理。该融资机制包括备用信用证、swingline贷款和非美国货币借款的各种次级限额，并可选择将借款增加至70亿美元。该协议允许将信贷额度的期限再延长一年，两次。本协议下的贷款利率与思科的优先债务信用评级挂钩，并因贷款货币而异。思科还需要缴纳季度承诺费和未付信用证的费用，这些费用视其信用评级而定。信贷协议包括惯常陈述、担保、肯定和否定承诺，并要求思科维持最低息税折旧摊销前利润与利息支出比率。概述了违约事件，其后果包括可能加速履行付款义务。美银证券公司和其他金融机构是该基金的联合牵头安排人和账簿管理人。思科与贷款人保持着各种商业关系，贷款人已经向思科提供并可能继续提供各种服务，以获得惯常补偿。此外，思科于2024年2月6日指示北卡罗来纳州花旗银行将其商业票据计划的规模从100亿美元增加到150亿美元。
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