debt
confidence high
sentiment neutral
materiality 0.60
Sysco prices $1.25B senior notes: 5.100% due 2030, 5.400% due 2035
SYSCO CORP
- Issued $700M of 5.100% Senior Notes due 2030 and $550M of 5.400% Senior Notes due 2035.
- Joint book-running managers: BofA Securities, Goldman Sachs, J.P. Morgan, TD Securities, Wells Fargo.
- Offering expected to close Feb 25, 2025, subject to customary closing conditions.
- Proceeds for general corporate purposes; no specific use disclosed in the filing.
- Underwriting agreement contains customary representations, warranties, and indemnification.