Davis Polk & Wardwell LLP is advising Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Banc of America Securities LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities Inc. as joint book-running managers on a $5 billion SEC-registered debt offering by Cisco Systems, Inc., including $500 million of 2.90% senior notes due 2014, $2.5 billion of 4.45% senior notes due 2020 and $2 billion of 5.50% senior notes due 2040.

Cisco Systems designs, manufactures and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology industry and provides services associated with these products and their use.

The Davis Polk corporate team includes partner Alan F. Denenberg and associates Jeffrey Gould and Zhimin Lin (not yet admitted). Partner Rachel D. Kleinberg and associate M. Ryan LaRosa are providing tax advice. Associate Vishnu Reddy is providing intellectual property advice. Michael Nguyen is the legal assistant for the transaction. All members of the Davis Polk team are based in the Menlo Park office.