Cisco Systems to conduct offering of senior notes in five tranches

By Devika Patel

Knoxville, Tenn., Sept. 13 – Cisco Systems, Inc. intends to offer senior notes in five tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in four fixed-rate tranches and a floating-rate tranche.

The fixed-rate portions will have make-whole calls and par calls. The floaters will be non-callable.

BofA Merrill Lynch, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the joint bookrunners. Deutsche Bank Securities Inc., Goldman Sachs & Co. and Wells Fargo Securities LLC are the co-managers.

Proceeds will be used for general corporate purposes.

Based in San Jose, Calif., Cisco produces internet protocol-based networking and other communications and information technology products.

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