William Brentani~~Daniel Webb~~Barry Lau~~Dina Stumpf~~Jonathan Cantor
January 24, 2026
Cisco Systems, Inc. Completes Seven Series of Senior Notes Offering with an Aggregate Principal Amount of $13.5 Billion

1 min
AI-made summary
- Simpson Thacher advised Cisco Systems, Inc
- in its offering of senior notes totaling $13.5 billion, with maturities ranging from 2026 to 2064 and interest rates between 4.800% and 5.350%
- The net proceeds will be used for general corporate purposes, including partially financing Cisco's proposed acquisition of Splunk Inc
- under a merger agreement dated September 20, 2023
- The legal team included William Brentani, Daniel Webb, Barry Lau, Dina Stumpf, and Jonathan Cantor.
Simpson Thacher represented Cisco Systems, Inc. (the “Company”) in connection with its offering of (i) $1,000,000,000 in aggregate principal amount of 4.900% Senior Notes due 2026, (ii) $2,000,000,000 in aggregate principal amount of 4.800% Senior Notes due 2027, (iii) $2,500,000,000 in aggregate principal amount of 4.850% Senior Notes due 2029, (iv) $2,500,000,000 in aggregate principal amount of 4.950% Senior Notes due 2031, (v) $2,500,000,000 in aggregate principal amount of 5.050% Senior Notes due 2034, (vi) $2,000,000,000 in aggregate principal amount of 5.300% Senior Notes due 2054 and (vii) $1,000,000,000 in aggregate principal amount of 5.350% Senior Notes due 2064. The net proceeds of the offering will be used for general corporate purposes, including to partially finance the proposed acquisition of Splunk Inc. by the Company, as contemplated by that certain Agreement and Plan of Merger, dated as of September 20, 2023, by and among the Company, Splunk Inc. and Spirit Merger Corp., as the same may be amended, supplemented or otherwise modified.~~Cisco Systems, Inc. (NASDAQ: CSCO) designs and sells a broad range of technologies that power the Internet, and integrates its product portfolios across networking, security, collaboration, applications and the clouds to create highly secure, intelligent platforms for its customers’ digital businesses.~~The Simpson Thacher team included William Brentani, Daniel Webb, Barry Lau and Dina Stumpf (Capital Markets); and Jonathan Cantor (Tax).
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William Brentani~~Daniel Webb~~Barry Lau~~Dina Stumpf~~Jonathan Cantor
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