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Fenwick & West Represents Cisco in $5B Senior Unsecured Notes Offering

June 17, 2015

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Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO) in its offering of five series of senior unsecured notes for an aggregate principal amount of $5 billion. Cisco intends to use the net proceeds from this offering for general corporate purposes, including to return capital to shareholders pursuant to its previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers.

The Fenwick transaction team included corporate attorneys Daniel Winnike, David Michaels, William Hughes, Jane Shen and Seth Popick.