Fenwick & West Represents Cisco in $7B Senior Unsecured Notes Offering

February 29, 2016

​​Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO) in its offering of six series of senior unsecured notes for an aggregate principal amount of $7 billion. Cisco plans to use the net proceeds from the offering for general corporate purposes, which may include repurchases of its common stock, repayment of debt, including the repayment of previously issued senior unsecured notes, acquisitions, investments, additions to working capital, capital expenditures, cash dividends and advances to or investments in its subsidiaries.

Barclays Capital Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BNP Paribas Securities Corp. and HSBC Securities (USA) Inc. acted as joint book-running managers.

The Fenwick transaction team consisted of corporate attorneys Daniel Winnike, David Michaels, William Hughes, Julia Forbess, Jennifer Hitchcock and Elizabeth Chang.