Cisco Systems, Inc. $7 Billion Notes Offering
Davis Polk advised the joint book-running managers on a $7 billion SEC-registered debt offering by Cisco Systems, Inc., consisting of $1 billion of floating-rate notes due February 21, 2018, $1.25 billion of 1.400% senior notes due 2018, $1 billion of 1.600% senior notes due 2019, $2.5 billion of 2.200% senior notes due 2021, $500 million of 2.600% senior notes due 2023 and $750 million of 2.950% senior notes due 2026.
Cisco designs and sells broad lines of products, provides services and delivers integrated solutions to develop and connect networks around the world.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Emily Roberts and Amy Tu. Partner Rachel D. Kleinberg and associate Alexander Wu provided tax advice. Associate Michelle Gross provided intellectual property and technology advice. All members of the Davis Polk team are based in the Northern California office.