Cisco Enters Material Agreement, Takes on New Financial Obligation
Ticker: CSCO · Form: 8-K · Filed: Feb 26, 2024 · CIK: 858877
| Field | Detail |
|---|---|
| Company | Cisco Systems, INC. (CSCO) |
| Form Type | 8-K |
| Filed Date | Feb 26, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $1,000,000,000, $2,000,000,000, $2,500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, material-agreement, financial-obligation
TL;DR
**Cisco just took on a new financial obligation and entered a material agreement, watch for details on what it means for their bottom line!**
AI Summary
Cisco Systems, Inc. filed an 8-K on February 26, 2024, reporting an event on February 21, 2024, concerning an entry into a material definitive agreement and the creation of a direct financial obligation. The filing indicates a significant corporate action that will impact Cisco's financial structure and future operations, as it involves a new financial commitment.
Why It Matters
This filing signals a new financial commitment for Cisco, which could affect its balance sheet, future earnings, and strategic direction, potentially impacting shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates a new financial obligation without specific details, creating uncertainty about its nature and potential impact on Cisco's financial health.
Key Players & Entities
- CISCO SYSTEMS, INC. (company) — Registrant
- February 21, 2024 (date) — Date of earliest event reported
- February 26, 2024 (date) — Filing date
- Delaware (company) — State of incorporation
- 001-39940 (dollar_amount) — Commission File Number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 21, 2024.
What type of agreement did Cisco Systems, Inc. enter into?
Cisco Systems, Inc. entered into a Material Definitive Agreement.
What financial action did Cisco Systems, Inc. undertake?
Cisco Systems, Inc. created a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 26, 2024.
What is the business address of Cisco Systems, Inc. as stated in the filing?
The business address of Cisco Systems, Inc. is 170 West Tasman Drive, San Jose, California, 95134-1706.
Filing Stats: 1,675 words · 7 min read · ~6 pages · Grade level 8.6 · Accepted 2024-02-26 16:26:03
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Mar
- $1,000,000,000 — co Systems, Inc. (the "Company") issued $1,000,000,000 principal amount of its 4.900% Senior N
- $2,000,000,000 — nior Notes due 2026 (the "2026 Notes"), $2,000,000,000 principal amount of its 4.800% Senior N
- $2,500,000,000 — nior Notes due 2027 (the "2027 Notes"), $2,500,000,000 principal amount of its 4.850% Senior N
Filing Documents
- d751183d8k.htm (8-K) — 39KB
- d751183dex11.htm (EX-1.1) — 254KB
- d751183dex41.htm (EX-4.1) — 423KB
- d751183dex42.htm (EX-4.2) — 345KB
- d751183dex51.htm (EX-5.1) — 12KB
- g751183g51b49.jpg (GRAPHIC) — 66KB
- 0001193125-24-046231.txt ( ) — 1502KB
- csco-20240221.xsd (EX-101.SCH) — 3KB
- csco-20240221_lab.xml (EX-101.LAB) — 17KB
- csco-20240221_pre.xml (EX-101.PRE) — 11KB
- d751183d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following documents are attached as exhibits to this Current Report on Form 8-K: Exhibit No. Exhibit Description 1.1 Underwriting Agreement, dated as of February 21, 2024, among Cisco Systems, Inc. and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, for itself and on behalf of the several underwriters listed therein 4.1 Indenture, dated as of February 26, 2024, between Cisco Systems, Inc. and The Bank of New York Mellon Trust Company, N.A., as trustee 4.2 First Supplemental Indenture, dated as of February 26, 2024, between Cisco Systems, Inc. and the Bank of New York Mellon Trust Company, N.A., as trustee, relating to the issuance of the 4.900% Senior Notes due 2026, 4.800% Senior Notes due 2027, 4.850% Senior Notes due 2029, 4.950% Senior Notes due 2031, 5.050% Senior Notes due 2034, 5.300% Senior Notes due 2054 and 5.350% Senior Notes due 2064 4.3 Form of the 4.900% Senior Notes due 2026 (included in Exhibit 4.2) 4.4 Form of the 4.800% Senior Notes due 2027 (included in Exhibit 4.2) 4.5 Form of the 4.850% Senior Notes due 2029 (included in Exhibit 4.2) 4.6 Form of the 4.950% Senior Notes due 2031 (included in Exhibit 4.2) 4.7 Form of the 5.050% Senior Notes due 2034 (included in Exhibit 4.2) 4.8 Form of the 5.300% Senior Notes due 2054 (included in Exhibit 4.2) 4.9 Form of the 5.350% Senior Notes due 2064 (included in Exhibit 4.2) 5.1 Legal Opinion of Simpson Thacher & Bartlett LLP 23.1 Consent of Simpson Thacher & Bartlett LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CISCO SYSTEMS, INC. Dated: February 26, 2024 By: /s/ Evan Sloves Name: Evan Sloves Title: Secretary