SOURCE: Cisco

Cisco

June 10, 2015 20:00 ET

Cisco Prices $5 Billion of Senior Unsecured Notes

SAN JOSE, CA--(Marketwired - Jun 10, 2015) - Cisco (NASDAQ: CSCO) today announced the pricing of five series of senior unsecured notes for an aggregate principal amount of $5 billion. The offering is expected to close on June 17, 2015, subject to customary closing conditions.

Of these notes, $900 million will mature in June 2018 and will bear interest at a floating rate equal to three-month LIBOR plus 31 basis points, $1.6 billion will mature in June 2018 and will bear interest at an annual rate of 1.650%, $1.5 billion will mature in June 2020 and will bear interest at an annual rate of 2.450%, $500 million will mature in June 2022 and will bear interest at an annual rate of 3.000% and $500 million will mature in June 2025 and will bear interest at an annual rate of 3.500%.

Cisco intends to use the net proceeds from this offering for general corporate purposes, including to return capital to shareholders pursuant to its previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.

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

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: 1-800-221-1037
Email: newyork.prospectus@credit-suisse.com

Goldman, Sachs & Co.
Attn: Prospectus Department,
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
Facsimile: (212) 902-9316
Email: prospectus-ny@ny.email.gs.com

Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
Email: prospectus@morganstanley.com

Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Avenue
South Minneapolis, MN 55402
Telephone: 1-800-645-3751
Email: wfscustomerservice@wellsfargo.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
222 Broadway
New York, NY 10038
Telephone: 1-800-294-1322
Email: dg.prospectus_requests@baml.com 

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