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Market Currents

Monday, November 9, 2009
1:44 PM TweetThis
  • Cisco Systems (CSCO +0.6%) is offering a three-part $5B debt deal to price later today. The company had $10.3B in long-term debt outstanding as of July.
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This news story has 1 comment:

  •  
    One might normally worry that Cisco taking on more debt is a bad thing. However, this is likely completely in keeping with the Cisco strategy. Cisco will no doubt use at least some of the money to help it buy up other tech companies while they are still cheap. Cisco has historically built its business with strategic acquistions especially during hard times.
    2009 Nov 09 02:00 PM Reply
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