Cisco Pays the Ferryman $5.5 Billion

The money had to come from somewhere and so Cisco has announced last week that it is issuing $5.5 billion in debt to fund its $6.9 billion purchase of cable set-top box maker Scientific-Atlanta.

The company said it expected to issue the senior unsecured notes in a mix of three-year floating rate notes, and five and ten-year fixed rate notes.

Citigroup, JPMorgan, Merrill Lynch & Co. and Morgan Stanley are joint managers of the offering, Cisco said. Its shares edged up 29 cents to $19.84 on the Nasdaq.

The following two tabs change content below.

admin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)