---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-028353"
form_type: "8-K"
ticker: "CSCO"
cik: "0000858877"
company_name: "CISCO SYSTEMS, INC."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:10:32.478316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cisco enters $5.0B credit facility, raises commercial paper program to $15B

## Summary
- Entered $5.0B unsecured revolving credit facility (Third Amended and Restated Credit Agreement); can be increased to $7.0B.
- Facility matures in 5 years; includes $250M swingline, $250M LC sublimit, and $1.0B multi-currency sublimit.
- Increased commercial paper program from $10B to $15B, effective February 6, 2024.
- Joint lead arrangers: BofA Securities, Deutsche Bank, Citibank, J.P. Morgan, Wells Fargo.
- Financial covenant requires consolidated EBITDA to interest expense ratio at least 3.0:1.0.

## SEC filing metadata
- accession: 0001193125-24-028353
- form_type: 8-K
- ticker: CSCO
- cik: 0000858877
- company_name: CISCO SYSTEMS, INC.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/0001193125-24-028353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/d759983d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-028353
- JSON: https://secwatch.observer/filing/0001193125-24-028353.json
- Plain text: https://secwatch.observer/filing/0001193125-24-028353.txt

## Key facts
- Debt Financings
  CISCO SYSTEMS, INC. incurred revolving credit of $5.0 billion with Bank of America, N.A. at margin based on Cisco's senior debt credit ratings plus Term SOFR, Base Rate, EU maturing five year.
  - Instrument: revolving credit
  - Principal: $5.0 billion
  - Counterparty: Bank of America, N.A.
  - Rate: margin based on Cisco's senior debt credit ratings plus Term SOFR, Base Rate, EU
  - Maturity: five year
  - Event: incurrence
  source text: “Lenders”) and Bank of America, N.A. (“Bank of America”), as administrative agent, swing line lender and a letter of credit issuer. The Credit Agreement provides for a five year $5.0 billion unsecured revolving credit facility (the “Facility”), which includes a $250 million sublimit for the issuance of standby letters of credit, a $250 million sublimit for swingline
  evidence_url: https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/0001193125-24-028353-index.htm
- Material Agreements
  CISCO SYSTEMS, INC. amended Third Amended and Restated Credit Agreement with certain lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer valued at $5.0 billion (effective 2024-02-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: certain lenders party thereto and Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer
  - Value: $5.0 billion
  - Effective: 2024-02-02
  source text: On February 2, 2024, Cisco Systems, Inc. ("Cisco") entered into the Third Amended and Restated Credit Agreement (the "Credit Agreement") by and among Cisco, certain lenders party thereto (the "Lenders") and Bank of America, N.A. ("Bank of America"), as administrative agent, swing line lender and a letter of credit issuer. The Credit Agreement provides for a five year $5.0 billion unsecured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/0001193125-24-028353-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.