8-K filed April 20, 2026, 7:59 PM ET ticker SYY CIK 0000096021

debt confidence high sentiment neutral materiality 0.75

Sysco enters into $3.0B term loan and $3.0B revolver to finance Jetro Restaurant Depot acquisition

SYSCO CORP

$3.0B revolver replaces existing facility; increases to $4.0B after Jetro closing, option to $5.0B.
$3.0B term loan comprises $1.25B Tranche A (364-day) and $1.75B Tranche B (2-year maturity).
Proceeds fund Jetro acquisition, refinance JRD debt, and pay transaction fees and expenses.
Credit agreements include customary covenants, requiring consolidated EBITDA to interest expense ratio.
Guarantees provided by Sysco's senior note guarantors and by Sysco for subsidiary borrowers.

item 1.01 item 2.03 item 9.01

Machine-readable event card

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accession: 0001193125-26-164087
form_type: 8-K
ticker: SYY
cik: 0000096021
company_name: SYSCO CORP
filed_at: 2026-04-20T23:59:59+00:00
discovered_at: 2026-05-14T18:02:33.967360+00:00
generated_at: 2026-05-15T05:26:07.328000+00:00
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event_type: debt
sentiment: neutral
materiality_score: 0.75
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Source-grounded claims

5df6436aaa5e9dfb6e5269fac52a750b116ac449

SYSCO CORP incurred term loan of $3.0 billion ($1.25 billion Tranche A and $1.75 billion Tranche B) with Bank of America, N.A. maturing Tranche A: 364 days from Closing Date; Tranche B: two years from Closing Date.

The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

c49b0e29bf9fcd67c385cdf217baca8a3e5ede03

SYSCO CORP incurred revolving credit of $3.0 billion (increasing to $4.0 billion after Closing Date, with option to increase to $5.0 billion) with Bank of America, N.A. maturing April 16, 2031.

The aggregate commitments of the lenders under the New Revolver Credit Agreement, as of the effective date, are $3.0 billion, and such commitments will increase to $4.0 billion from and after the consummation of the previously announced acquisition of JRD Unico, Inc.

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

3434e6617a2d907ba0e8404c070f617c3d86ec0b

SYSCO CORP entered into New Revolver Credit Agreement with Bank of America, N.A., as the administrative agent, and the lenders and guarantors party thereto valued at $3.0 billion (effective 2026-04-16).

On April 16, 2026, Sysco Corporation (" Sysco "), a Delaware corporation, and its wholly-owned subsidiaries, Sysco Canada, Inc., a British Columbia corporation (" Sysco Canada "), and Sysco Global Holdings B.V., a Netherlands limited liability company (together with Sysco Canada, the " Subsidiary Borrowers "), entered into a Credit Agreement with Bank of America, N.A., as the administrative agent, and the lenders and guarantors party thereto (the " New Revolver Credit Agreement "), which replaces Sysco’s existing $3.0 billion senior revolving credit facility that was originally entered into on September 5, 2025 (as amended, the " Existing Credit Agreement ").

SEC 8-K Item 1.01/1.02 confidence 1.0 SEC evidence

cecde05517de098ddbf54e7d9bb90465eaadf2fc

SYSCO CORP entered into New Term Credit Agreement with Bank of America, N.A., as the administrative agent, and the lenders and guarantors party thereto valued at $3.0 billion (effective 2026-04-16).

On April 16, 2026, Sysco also entered into a Term Loan Credit Agreement with Bank of America, N.A., as the administrative agent, and the lenders and guarantors party thereto (the " New Term Credit Agreement " and, together with the New Revolver Credit Agreement, the " New Credit Agreements ").

SEC 8-K Item 1.01/1.02 confidence 1.0 SEC evidence

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.

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The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

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AZZ INC May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

The aggregate commitments of the lenders under the New Term Credit Agreement, as of the effective date, are $3.0 billion, which consists of a $1.25 billion tranche of commitments (the “ Tranche A Commitments ”) and a $1.75 billion tranche of commitments (the “ Tranche B Commitments ”).

Comparable filing

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Filing page SEC filing

Source: SEC EDGAR

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