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Cisco Systems grosses $2.00 billion from debt offering

Cisco Systems Inc. raised gross proceeds of $2.00 billion from an offering of 1.850% senior unsecured notes due Sept. 20, 2021.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, acquisitions or investments, and repurchase of securities.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the lead underwriters.

Academy Securities Inc., Barclays Capital Inc., BB&T Capital Markets Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Lloyds Securities Inc. and RBC Capital Markets LLC also served as underwriters for the offering.