SYSCO CORP (SYY): debt financing — Sysco issues $1.25B in senior notes; 5.100% due 2030 and 5.400% due 2035

SYSCO CORP

$700M 5.100% notes due Sept 23, 2030; $550M 5.400% notes due March 23, 2035.
Net proceeds ~$1.24B after discounts and expenses.
Proceeds for general corporate purposes, including repaying commercial paper borrowings.
Notes are unsecured senior obligations, guaranteed by certain subsidiaries.
Make-whole redemption before par call dates; 101% change-of-control offer triggered by ratings decline.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

SYSCO CORP incurred senior notes of $700,000,000 aggregate principal amount of the 2030 Notes and $550,000,000 aggregate principal amount of the 2035 Notes with underwriters at 5.100% per annum for 2030 Notes and 5.400% per annum for 2035 Notes maturing 2030 Notes mature on September 23, 2030 and 2035 Notes mature on March 23, 2035.

Instrument: senior notes
Principal: $700,000,000 aggregate principal amount of the 2030 Notes and $550,000,000 aggregate principal amount of the 2035 Notes
Counterparty: underwriters
Rate: 5.100% per annum for 2030 Notes and 5.400% per annum for 2035 Notes
Maturity: 2030 Notes mature on September 23, 2030 and 2035 Notes mature on March 23, 2035
Event: incurrence

Exact text from the filing

On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).

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26 debt financings filed in the last 30 days. Browse all debt financings →

SYSCO CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-035219

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