Cisco Systems eyeing senior notes offering in four tranches

By Aleesia Forni

Virginia Beach, Feb. 24 - Cisco Systems, Inc. is planning to sell senior notes in four tranches, according to a 424B2 filed with the Securities and Exchange Commission on Monday.

The sale is expected to include one floating-rate tranche of notes.

The joint bookrunners are BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes, including the repayment of the company's 1.625% notes and floating-rate notes due March 14, 2014 and 2.9% notes maturing on Nov. 17, 2014.

The company also plans to use proceeds to return capital to shareholders through the repurchase of shares of common stock and cash dividends.

Based in San Jose, Calif., Cisco produces internet protocol-based networking and other communications and information technology products.

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