Sysco Announces Closing Of $14.65 Billion And €1.0 Billion Notes Offerings

HOUSTON, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced that Sysco and Sysco Holdings Corporation, a Delaware corporation and wholly-owned subsidiary of Sysco (“Sysco Holdings” and, together with Sysco, the “Issuers”), have closed public offerings (collectively, the “Offerings”) of $14.65 billion in aggregate principal amount of notes and €1.0 billion in aggregate principal amount of notes consisting of the following securities: * $1.75 billion in aggregate principal amount of 5.450% Senior Notes due 2029; * $2.0 billion in aggregate principal amount of 5.600% Senior Notes due 2031; * $1.5 billion in aggregate principal amount of 5.800% Senior Notes due 2033; * $2.0 billion in aggregate principal amount of 5.950% Senior Notes due 2036; * $1.0 billion in aggregate principal amount of 6.400% Senior Notes due 2046; * $1.75 billion in aggregate principal amount of 6.500% Senior Notes due 2056; * $750 million in aggregate principal amount of 6.600% Senior Notes due 2066 (collectively, the “Senior Notes”); * $1.5 billion in aggregate principal amount of 7.100% Series A Junior Subordinated Notes due 2056; * $1.0 billion in aggregate principal amount of 7.250% Series B Junior Subordinated Notes due 2056; * $1.4 billion in aggregate principal amount of 7.350% Series C Junior Subordinated Notes due 2056 (collectively, the “USD Junior Subordinated Notes”); and * €1.0 billion in aggregate principal amount of 6.000% Junior Subordinated Notes due 2056 (the “Euro Junior Subordinated Notes” and, together with the Senior Notes and the USD Junior Subordinated Notes, the “Notes”). The Issuers estimate that they will receive approximately $10.64 billion from the offering of the Senior Notes, approximately $3.8 billion from the offering of the USD Junior Subordinated Notes and approximately €0.99 billion from the offering of the Euro Junior Subordinated Notes, in each case after deducting underwriting discounts and estimated offering expenses payable by them. The Issuers intend to use the net proceeds from the Offerings to pay a portion of the cash consideration for the pending acquisition of Jetro Restaurant Depot, and all other fees, costs and expenses related thereto or, if the acquisition is not consummated, to pay for the special mandatory redemption of the Notes (other than the 5.950% Senior Notes due 2036) pursuant to their terms.