09/24/2026 | Press release | Distributed by Public on 09/24/2026 15:23
| Item 8.01 | Other Events. |
USD Senior Notes
On September 22, 2026, with respect to the offering and sale by Sysco Corporation and Sysco Holdings Corporation (each, an "Issuer" and together, the "Issuers") of (i) $1,750 million aggregate principal amount of 5.450% Senior Notes due 2029 (the "2029 Notes"), (ii) $2,000 million aggregate principal amount of 5.600% Senior Notes due 2031 (the "2031 Notes"), (iii) $1,500 million aggregate principal amount of 5.800% Senior Notes due 2033 (the "2033 Notes"), (iv) $2,000 million aggregate principal amount of 5.950% Senior Notes due 2036 (the "2036 Notes"), (v) $1,000 million aggregate principal amount of 6.400% Senior Notes due 2046 (the "2046 Notes"), (vi) $1,750 million aggregate principal amount of 6.500% Senior Notes due 2056 (the "2056 Notes") and (vii) $750 million aggregate principal amount of 6.600% Senior Notes due 2066 (the "2066 Notes" and, together with the 2029 Notes, the 2031 Notes, the 2033 Notes, the 2036 Notes, the 2046 Notes and the 2056 Notes, the "USD Senior Notes"), the Issuers and certain subsidiary guarantors entered into an Underwriting Agreement (the "USD Senior Notes Underwriting Agreement") with Goldman Sachs & Co. LLC, TD Securities (USA) LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "USD Senior Notes Underwriters").
CAD Senior Notes
On September 22, 2026, with respect to the offering and sale by the Issuers of (i) C$750 million aggregate principal amount of 4.250% Senior Notes due 2030 (the "2030 Notes") and (ii) C$750 million aggregate principal amount of 4.800% Senior Notes due 2034 (the "2034 Notes" and, together with the 2030 Notes, the "CAD Senior Notes"), the Issuers and certain subsidiary guarantors entered into an Underwriting Agreement (the "CAD Senior Notes Underwriting Agreement") with Goldman Sachs & Co. LLC, TD Securities Inc., Merrill Lynch Canada Inc. and the other underwriters listed in Schedule II thereto (the "CAD Senior Notes Underwriters").
USD Junior Subordinated Notes
On September 22, 2026, with respect to the offering and sale by the Issuers of (i) $1,500 million aggregate principal amount of 7.100% Series A Junior Subordinated Notes due 2056 (the "Series A Notes"), (ii) $1,000 million aggregate principal amount of 7.250% Series B Junior Subordinated Notes due 2056 (the "Series B Notes") and (iii) $1,400 million aggregate principal amount of 7.350% Series C Junior Subordinated Notes due 2056 (the "Series C Notes" and, together with the Series A Notes and the Series B Notes, the "USD Junior Subordinated Notes"), the Issuers and certain subsidiary guarantors entered into an Underwriting Agreement (the "USD Junior Subordinated Notes Underwriting Agreement") with Goldman Sachs & Co. LLC, TD Securities (USA) LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed in Schedule II thereto (the "USD Junior Subordinated Notes Underwriters").
EUR Junior Subordinated Notes
On September 22, 2026, with respect to the offering and sale by the Issuers of €1,000 million aggregate principal amount of 6.000% Junior Subordinated Notes due 2056 (the "EUR Junior Subordinated Notes"), the Issuers and certain subsidiary guarantors entered into an Underwriting Agreement (the "EUR Junior Subordinated Notes Underwriting Agreement" and, together with the USD Senior Notes Underwriting Agreement, the CAD Senior Notes Underwriting Agreement and the USD Junior Subordinated Notes Underwriting Agreement, the "Underwriting Agreements" and each, an "Underwriting Agreement") with Goldman Sachs & Co. LLC, TD Global Finance unlimited company, Merrill Lynch International, J.P. Morgan Securities plc, Wells Fargo Securities International Limited and the other underwriters listed in Schedule II thereto (the "EUR Junior Subordinated Notes Underwriters" and, together with the USD Senior Notes Underwriters, the CAD Senior Notes Underwriters and the USD Junior Subordinated Notes Underwriters, the "Underwriters").
The offering of the CAD Senior Notes is expected to close on September 25, 2026, subject to the satisfaction of customary closing conditions contained in the CAD Senior Notes Underwriting Agreement. The offerings of the USD Senior Notes, the USD Junior Subordinated Notes and the EUR Junior Subordinated Notes are each expected to close on October 6, 2026, subject to the satisfaction of customary closing conditions contained in the applicable Underwriting Agreement.