Sysco said it issued and sold $700,000,000 of 5.100% Senior Notes due 2030 and $550,000,000 of 5.400% Senior Notes due 2035. The sale was on February 25, 2025.

1. 01

   Sysco said it issued and sold $700,000,000 of 5.100% Senior Notes due 2030 and $550,000,000 of 5.400% Senior Notes due 2035. The sale was on February 25, 2025.

2. 02

   Sysco said net proceeds from the notes, after underwriting discounts and estimated offering expenses, were about $1.24 billion. The company said it plans to use the proceeds for general corporate purposes, including repaying borrowings under its commercial paper programs.

3. 03

   Sysco said the 2030 notes pay interest at 5.100% per year and the 2035 notes pay interest at 5.400% per year, payable in cash semi-annually in arrears on March 23 and September 23, with the first payment on September 23, 2025. The notes mature on September 23, 2030 and March 23, 2035.

4. 04

   Sysco said it may redeem the notes before the Par Call Date at the greater of a make-whole amount and 100% of the principal, plus unpaid interest. It said that if a Change of Control Repurchase Event occurs, it must offer to repurchase the notes for cash at 101% of principal plus unpaid interest.

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Original filing

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