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Cisco Systems grosses $749.4 million from debt offering

Cisco Systems Inc. raised gross proceeds of $749.4 million from an offering of 2.95% senior unsecured notes due Feb. 28, 2026.

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.

Barclays Capital Inc., BNP Paribas Securities Corp., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC were the lead underwriters.

BB&T Capital Markets Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Lloyds Securities Inc., Mischler Financial Group Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC also served as underwriters for the offering.