Form 8-K · Current report
Sysco 8-K, filed Oct 6, 2026
- Filed
- CIK
- 0000096021
- Accession no.
- 0001104659-26-114079
Summary
Sysco Corporation and Sysco Holdings Corporation sold $10.75 billion of USD senior notes, $3.9 billion of USD junior subordinated notes, and €1.0 billion of euro junior subordinated notes on October 6, 2026, with net proceeds intended to fund part of the cash consideration for the pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC. If the acquisition is not completed, the notes other than the 2036 senior notes are subject to a special mandatory redemption.
Key points
- The USD senior notes consist of seven series with aggregate principal amounts from $750 million to $2.0 billion, maturities from 2029 to 2066, and interest rates from 5.450% to 6.600%.
- The USD junior subordinated notes consist of $1.5 billion of 7.100% Series A notes, $1.0 billion of 7.250% Series B notes, and $1.4 billion of 7.350% Series C notes, all maturing in 2056.
- Net proceeds were approximately $10.64 billion from the USD senior notes, $3.8 billion from the USD junior subordinated notes, and €0.99 billion from the euro junior subordinated notes.
- The notes are unsecured obligations, with the junior subordinated notes ranking below the senior notes and other senior indebtedness.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Notes Offerings On October 6, 2026, Sysco Corporation and Sysco Holdings Corporation (each, an “Issuer” and together, the “Issuers”) issued and sold (i) $10.75 billion aggregate principal amount of USD Senior Notes (as defined below), (ii) $3.9 billion aggregate principal amount of USD Junior Subordinated Notes (as defined below) and (iii) €1.0 billion aggregate principal amount of Euro Junior Subordinated Notes (as defined below). …
An excerpt of the text as filed with the SEC, cut for length.
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