secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279789
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sysco issues $1.0B in senior notes (5.750% 2029 / 6.000% 2034); net proceeds $987.5M
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- Issued $500M 5.750% Senior Notes due 2029 and $500M 6.000% Senior Notes due 2034.
- Net proceeds approximately $987.5M after underwriters' discounts and expenses.
- Proceeds for working capital, capex, commercial paper repayment, and to fund part of pending Edward Don & Company acquisition.
- Notes are unsecured senior obligations, rank equally with existing and future unsecured senior debt.
- Edward Don acquisition announced October 11, 2023, subject to regulatory approval and closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000119312523279789/0001193125-23-279789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000119312523279789/d620250d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279789

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