Cisco Systems Secures $5 Billion Revolving Credit Facility

Cisco Systems (CSCO) has released an update to notify the public and investors about an entry into a material definitive agreement.

Cisco Systems, Inc. has secured a substantial $5.0 billion unsecured revolving credit facility, with options to increase borrowing up to $7.0 billion and extend the maturity twice. This facility includes provisions for various types of loans and currencies, with interest rates tied to Cisco’s credit ratings. The agreement, which updates a previous arrangement from 2021, also sets forth fees, covenants, and default terms, and is facilitated by major financial institutions with which Cisco has ongoing commercial relationships.

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For a comprehensive understanding of the announcement, you can read the full document here.