Cisco Systems, Inc. $6.25 Billion Notes Offering

Davis Polk advised the joint book-running managers on a $6.25 billion SEC-registered debt offering by Cisco Systems, Inc., consisting of $500 million of floating-rate notes due September 20, 2019, $1.5 billion of 1.400% senior notes due 2019, $2 billion of 1.850% senior notes due 2021, $750 million of 2.200% senior notes due 2023 and $1.5 billion of 2.500% 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 associate Tyler P. Pender. Partner Rachel D. Kleinberg and associate Samantha Jacoby provided tax advice. Associates Michelle Ontiveros Gross and Jason J. Bang provided intellectual property and technology advice. Associate Colleen Blanco provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.