Form 8-K · Current Report · Filed 2024-02-26
Cisco Announces Issuance of Senior Notes for Acquisition Financing
On February 26, 2024, Cisco Systems, Inc. issued a total of $11.5 billion in senior notes to finance the partial acquisition of Splunk Inc., as previously announced on September 20, 2023. The notes, maturing between 2026 and 2064, bear interest at rates ranging from 4.800% to 5.350% per annum and are governed by an indenture and a first supplemental indenture. The issuance was made under the company's Registration Statement on Form S-3, with BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC acting as underwriters.
- Filer
- Cisco Systems, Inc. CSCO · NASDAQ
- Filed
- Accession
- 0001193125-24-046231
- CIK
- 0000858877
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$48.86
Next session
-1.1%
Since filing
+137.4%
Latest close
$115.99
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CSCO reporting the same item, with the next session's move:
Exhibits (4)
About Cisco Systems, Inc.
Cisco Systems, Inc. is a global leader in networking and IT. The company's core business is to design and sell a range of technologies that power the internet. Cisco is renowned for its routers, switches, cybersecurity solutions, and wireless systems, which serve as the backbone for digital communication networks worldwide. The company's products and solutions are crucial for the seamless operation of data centers, enterprise networks, and telecommunication infrastructures. Cisco Systems, Inc. plays a pivotal role in connecting businesses, governments, and individuals across multiple sectors, fostering the growth of cloud computing, IoT (Internet of Things), and remote work capabilities. With a focus on innovation and sustainability, Cisco continuously develops new technologies to enhance network performance and security. Based in San Jose, California, and founded in 1984, Cisco is a respected pioneer in its field, significantly contributing to the digital transformation initiatives of organizations globally. Its expansive reach and comprehensive portfolio make it a fundamental entity in shaping how we connect and communicate.
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