Cisco Enters Material Agreement, Takes on New Financial Obligation

Ticker: CSCO · Form: 8-K · Filed: 2024-02-26T00:00:00.000Z

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

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.

From the Filing

0001193125-24-046231.txt : 20240226 0001193125-24-046231.hdr.sgml : 20240226 20240226162603 ACCESSION NUMBER: 0001193125-24-046231 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240221 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CISCO SYSTEMS, INC. CENTRAL INDEX KEY: 0000858877 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770059951 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39940 FILM NUMBER: 24679314 BUSINESS ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 BUSINESS PHONE: 4085264000 MAIL ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 FORMER COMPANY: FORMER CONFORMED NAME: CISCO SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 d751183d8k.htm 8-K 8-K false 0000858877 0000858877 2024-02-21 2024-02-21     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2024     CISCO SYSTEMS, INC. (Exact name of registrant as specified in its charter)       Delaware   001-39940   77-0059951 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   170 West Tasman Drive , San Jose , California   95134-1706 (Address of principal executive offices)   (Zip Code) (408) 526-4000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.001 per share   CSCO   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On February 26, 2024, Cisco Systems, Inc. (the “Company”) issued $1,000,000,000 principal amount of its 4.900% Senior Notes due 2026 (the “2026 Notes”), $2,000,000,000 principal amount of its 4.800% Senior Notes due 2027 (the “2027 Notes”), $2,500,000,000 principal amount of its 4.850% Senior Notes due 2029 (the “2029 Notes”), $2,500,000,000 principal

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