secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001193125-26-164087
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000119312526164087/0001193125-26-164087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000119312526164087/d290779d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-164087

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