Davis Polk advised the joint book-running managers on a $5 billion SEC-registered debt offering by Cisco Systems, Inc., consisting of $900 million of floating-rate notes due 2018, $1.6 billion of 1.650% senior notes due 2018, $1.5 billion of 2.450% senior notes due 2020, $500 million of 3.000% senior notes due 2022 and $500 million of 3.500% senior notes due 2025.    

Cisco designs, manufactures and sells Internet Protocol based networking products and services related to the communications and information technology industry. Its customers include businesses of all sizes, public institutions, telecommunications companies, other service providers and individuals. Cisco connects people, process, data and things with products that transport data, voice and video within buildings, across campuses and around the world. It is a key strategic partner to companies that helps them as they seek to make the most of the Internet of Everything and connect the unconnected.    

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Hua Zhao. Partner Rachel D. Kleinberg provided tax advice. Associate Kevin A. Bensley provided intellectual property advice. All members of the Davis Polk team are based in the Menlo Park and New York offices.     

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