Sysco adds $750M term loan facility to fund JRD acquisition; awards retention PSUs

SYSCO CORP

Established $750M senior unsecured delayed draw term loan (CoBank Term Loan) with $375M 6-yr and $375M 8-yr tranches.
Proceeds to partially fund cash consideration for JRD Unico/Warehouse Realty acquisition; draws available over one year.
CEO Kevin Hourican and Interim CFO Brandon Sewell receive PSUs ($2M and $1M) contingent on JRD closing, expected by Q3 2027.
EVP/CHRO Ronald Phillips gets $700K cash award for AI transformation; 50% vests Sept 4, 2026, 50% on JRD closing.

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