secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001193125-24-028353
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/0001193125-24-028353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000119312524028353/d759983d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-028353

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