The investment-grade offering comprises five tranches of notes

Davis Polk advised the representatives of the underwriters in connection with an SEC-registered offering by Cisco Systems, Inc. of $1 billion aggregate principal amount of 4.550% senior notes due 2028, $1 billion aggregate principal amount of 4.750% senior notes due 2030, $1 billion aggregate principal amount of 4.950% senior notes due 2032, $1.25 billion aggregate principal amount of 5.100% senior notes due 2035 and $750 million aggregate principal amount of 5.500% senior notes due 2055.

Cisco designs and sells a broad range of technologies that power the internet. It integrates its product portfolios across networking, security, collaboration, applications and the cloud to create highly secure, intelligent platforms for its customers’ digital businesses.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Dana Lueck-Mammen, Julia Molo and Jared Madnick. Partner Mario J. Verdolini and associates Ted Lee and Alex (Ang) Gao provided tax advice. Partner Matthew J. Bacal and associates Jordan Khorshad and Nazli Ungan provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

 

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