other material
confidence high
sentiment neutral
materiality 0.70
Sysco raises ~$967M net in equity offering to fund JRD Unico/Warehouse Realty acquisition
SYSCO CORP
- Offered 12,345,679 shares at $81.00/share; closed Sept 16, 2026.
- Net proceeds ~$967.4M after underwriting discounts and offering expenses.
- Proceeds to pay part of cash consideration for pending JRD Unico, Inc. and Warehouse Realty, LLC acquisition.
- Underwriters: Goldman Sachs, TD Securities, BofA Securities, J.P. Morgan, Wells Fargo; overallotment option for 1,851,851 shares.
- Underwriting Agreement dated Sep 14, 2026; offered under Form S-3 shelf registration.