SAN JOSE, California - February 9, 2009 - Cisco (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today announced the pricing of two series of senior unsecured notes for an aggregate principal amount of $4 billion. The offering is expected to close on February 17, 2009.
Of these notes, $2 billion will mature in February 2019 and will bear interest at an annual rate of 4.95%, and $2 billion will mature in February 2039 and will bear interest at an annual rate of 5.90%. The 4.95% notes due February 2019 and the 5.90% notes due February 2039 were priced to yield 4.979% and 5.916%, respectively.
Cisco intends to use the net proceeds from this offering for general corporate purposes and to repay $500 million in aggregate principal amount of its floating rate notes due 2009.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:
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