CSCO · 10-Q · 2026Q2 · Full report

Outstanding Indebtedness

CISCO SYSTEMS, INC. · 2026-05-19 · Importance 54 · Surprise 14 · In source text

Cisco’s senior fixed-rate notes had $23.0 billion of principal outstanding as of April 25, 2026, down from $24.8 billion at July 26, 2025, following repayment of $1.8 billion of debt during the first nine months of fiscal 2026. The debt schedule includes $1.5 billion maturing in September 2026, $2.0 billion in February 2027, and $2.5 billion in February 2029. Cisco was compliant with all debt covenants as of April 25, 2026, and had no borrowings under its $5.0 billion unsecured revolving credit agreement.

Key facts

• On February 2, 2024 Cisco entered into an amended and restated 5-year $5.0 billion unsecured revolving credit agreement. source
• Repayment of debt in the first nine months of fiscal 2026: $1.8 billion. source
• Senior fixed-rate notes total principal amount as of April 25, 2026: $23,000 million. source
• Senior fixed-rate notes total principal amount as of July 26, 2025: $24,750 million. source
• The credit agreement requires Cisco to maintain an interest coverage ratio of not less than 3.0 to 1.0. source
• Total debt was $31,303 million as of April 25, 2026 and $28,093 million as of July 26, 2025. source
• As of April 25, 2026, Cisco was in compliance with all associated covenants of the credit agreement and had not borrowed any funds under the credit agreement. source
• Cisco was in compliance with all debt covenants as of April 25, 2026. source

Impact estimates