Cisco Reports Material Agreement & Financial Obligation
Ticker: CSCO · Form: 8-K · Filed: Feb 8, 2024 · CIK: 858877
| Field | Detail |
|---|---|
| Company | Cisco Systems, INC. (CSCO) |
| Form Type | 8-K |
| Filed Date | Feb 8, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $5.0 billion, $250 million, $1.0 billion, $2.0 billion |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: material-agreement, debt, corporate-action
TL;DR
**Cisco just reported a new material agreement and financial obligation, but the details are still under wraps.**
AI Summary
This 8-K filing from Cisco Systems, Inc. on February 8, 2024, reports an event that occurred on February 2, 2024, concerning the entry into a material definitive agreement and the creation of a direct financial obligation. While the filing indicates these events, it does not provide specific details about the nature of the agreement or the financial obligation. For investors, this matters because material agreements or new financial obligations can significantly impact Cisco's future revenue, expenses, and overall financial health, even though the specifics are currently undisclosed.
Why It Matters
This filing signals that Cisco has entered into a significant agreement or taken on new debt, which could affect its financial performance and strategic direction, even though the details are not yet public.
Risk Assessment
Risk Level: medium — The risk is medium because a material definitive agreement and a direct financial obligation are significant events, but without specific details, the exact impact on Cisco's financial health and stock price is unknown.
Analyst Insight
A smart investor would monitor subsequent filings (like 10-K, 10-Q, or another 8-K) for Cisco Systems, Inc. to get the specific details of the material definitive agreement and financial obligation, as these will determine the actual impact on the company's financials and future prospects.
Key Players & Entities
- CISCO SYSTEMS, INC. (company) — the registrant filing the 8-K
- February 2, 2024 (date) — the date of the earliest event reported
- February 8, 2024 (date) — the filing date of the 8-K
- 0000858877 (company) — Cisco's Central Index Key (CIK)
FAQ
What specific events did Cisco Systems, Inc. report in this 8-K filing?
Cisco Systems, Inc. reported the 'Entry into a Material Definitive Agreement' and the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as per the ITEM INFORMATION sections of the filing.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on February 2, 2024, as stated in the 'Date of Report (Date of earliest event reported): February 2, 2024' section.
What is the filing date of this 8-K for Cisco Systems, Inc.?
The filing date of this 8-K is February 8, 2024, as indicated by 'FILED AS OF DATE: 20240208' and 'ACCESSION NUMBER: 0001193125-24-028353.hdr.sgml : 20240208'.
Does this 8-K filing provide specific details about the material definitive agreement or the financial obligation?
No, this 8-K filing does not provide specific details about the nature, terms, or parties involved in the material definitive agreement or the direct financial obligation. It only lists the occurrence of these events under the ITEM INFORMATION sections.
What is Cisco Systems, Inc.'s Central Index Key (CIK) according to this filing?
Cisco Systems, Inc.'s Central Index Key (CIK) is 0000858877, as listed under the 'FILER: COMPANY DATA: CENTRAL INDEX KEY' section.
Filing Stats: 1,189 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2024-02-08 16:11:01
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Mar
- $5.0 billion — edit Agreement provides for a five year $5.0 billion unsecured revolving credit facility (th
- $250 million — lity (the "Facility"), which includes a $250 million sublimit for the issuance of standby le
- $1.0 billion — million sublimit for swingline loans, a $1.0 billion sublimit for borrowings or letters of c
- $2.0 billion — increase the amount of borrowing up to $2.0 billion (for an aggregate total of up to $7.0 b
- $7.0 billion — illion (for an aggregate total of up to $7.0 billion in available borrowing), and a provisio
- $10,000,000,000 — gram (the "Program"), to increase, from $10,000,000,000 to $15,000,000,000, the size of its Pro
- $15,000,000,000 — ), to increase, from $10,000,000,000 to $15,000,000,000, the size of its Program. Item9.01 F
Filing Documents
- d759983d8k.htm (8-K) — 33KB
- d759983dex101.htm (EX-10.1) — 701KB
- 0001193125-24-028353.txt ( ) — 1012KB
- csco-20240202.xsd (EX-101.SCH) — 3KB
- csco-20240202_lab.xml (EX-101.LAB) — 17KB
- csco-20240202_pre.xml (EX-101.PRE) — 11KB
- d759983d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Document 10.1 Third Amended and Restated Credit Agreement, dated as of February 2, 2024, by and among Cisco Systems, Inc., certain lenders party thereto, and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). Cisco agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CISCO SYSTEMS, INC. Dated: February 8, 2024 By: /s/ Evan Sloves Name: Evan Sloves Title: Secretary