SYY · Sysco Corporation

Summary

On February 13, 2026, Sysco Corporation issued and sold $600 million of 4.400% Senior Notes due 2031 and $650 million of 4.950% Senior Notes due 2036, generating approximately $1.24 billion in net proceeds to be used for general corporate purposes including repayment of commercial paper borrowings. The Notes are senior unsecured obligations guaranteed by Subsidiary Guarantors under supplemental indentures with U.S. Bank Trust Company, N.A. as trustee.

Key takeaways

• Issued $600M 4.400% Senior Notes due July 25, 2031
• Issued $650M 4.950% Senior Notes due March 25, 2036
• Net proceeds of ~$1.24B after underwriter discounts and expenses
• Proceeds for general corporate purposes including commercial paper repayment
• Interest payable semi-annually; 2031 Notes on Jan 25/July 25 from July 25, 2026; 2036 Notes on Mar 25/Sep 25 from Sep 25, 2026
• Redeemable at make-whole prior to par call dates; Change of Control repurchase at 101%