AI English summary of an SEC filing — figures as filed
Cisco CSCOCisco issued five series of Senior Notes due 2028, 2030, 2032, 2035 and 2055 on February 24, 2025. The company said the principal amounts are $1,000,000,000, $1,000,000,000, $1,000,000,000, $1,250,000,000 and $750,000,000, respectively.
Key points
AI summaryCisco issued five series of Senior Notes due 2028, 2030, 2032, 2035 and 2055 on February 24, 2025. The company said the principal amounts are $1,000,000,000, $1,000,000,000, $1,000,000,000, $1,250,000,000 and $750,000,000, respectively.
The company said the notes carry annual interest rates of 4.550% for those due 2028, 4.750% for those due 2030, 4.950% for those due 2032, 5.100% for those due 2035 and 5.500% for those due 2055. Interest accrues from February 24, 2025 and is paid semiannually.
The company said it plans to use the proceeds for general corporate purposes, including repaying commercial paper borrowings. The notes were sold under the underwriting agreement dated February 19, 2025 with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.
The company said it may redeem the notes, in whole or in part, at any time at the make-whole premium redemption price, or beginning 1 to 6 months before maturity at 100% of the principal amount. The notes are unsecured and rank equally in right of payment with the company's other senior unsecured debt, and they effectively rank junior to all liabilities of its subsidiaries.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Cisco Issues 5 Series of Senior Notes Due 2028 to 2055
Cisco issued five series of Senior Notes due 2028, 2030, 2032, 2035 and 2055 on February 24, 2025. The company said the principal amounts are $1,000,000,000, $1,000,000,000, $1,000,000,000, $1,250,000,000 and $750,000,000, respectively.
Source · Based on the filing body and exhibits
Coupon Rates Range from 4.550% to 5.500% by Series
The company said the notes carry annual interest rates of 4.550% for those due 2028, 4.750% for those due 2030, 4.950% for those due 2032, 5.100% for those due 2035 and 5.500% for those due 2055. Interest accrues from February 24, 2025 and is paid semiannually.
Source · Based on the filing body and exhibits
Use of Proceeds and Underwriters
The company said it plans to use the proceeds for general corporate purposes, including repaying commercial paper borrowings. The notes were sold under the underwriting agreement dated February 19, 2025 with BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.
Source · Based on the filing body and exhibits
Early Redemption Options and Ranking of Notes
The company said it may redeem the notes, in whole or in part, at any time at the make-whole premium redemption price, or beginning 1 to 6 months before maturity at 100% of the principal amount. The notes are unsecured and rank equally in right of payment with the company's other senior unsecured debt, and they effectively rank junior to all liabilities of its subsidiaries.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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