San Jose, Calif. -- Cisco Systems, the San Jose-based networking equipment giant, said on Friday that it plans raise $5.5 billion in a new debt offering. The company said that the offering will include a mixture of three-year floating rate notes, and five- and 10-year fixed rate notes. Cisco said that it will use a portion of the proceeds to fund its $6.9 billion acquisition of Scientific-Atlanta. That deal remains subject to approval by regulators in various jurisdictions outside the U.S., but is expected to close during the current quarter.
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