OREANDA-NEWS. Cisco (NASDAQ: CSCO) today announced the pricing of six series of senior unsecured notes in an aggregate principal amount of $7 billion. The offering is expected to close on February 29, 2016, subject to customary closing conditions.

Of these notes, $1 billion will mature in February 2018 and will bear interest at a floating rate equal to three-month LIBOR plus 60 basis points, $1.25 billion will mature in February 2018 and will bear interest at an annual rate of 1.400%, $1 billion will mature in February 2019 and will bear interest at an annual rate of 1.600%, $2.5 billion will mature in February 2021 and will bear interest at an annual rate of 2.200%, $500 million will mature in February 2023 and will bear interest at an annual rate of 2.600% and $750 million will mature in February 2026 and will bear interest at an annual rate of 2.950%.

Cisco intends to use the net proceeds from this offering for general corporate purposes, which may include repurchases of its common stock, repayment of debt, including the repayment of previously issued senior unsecured notes, acquisitions, investments, additions to working capital, capital expenditures, cash dividends and advances to or investments in its subsidiaries.