Sysco said on September 5, 2025 it entered into a Credit Agreement with Bank of America, N.A. as Administrative Agent, together with Sysco Canada and Sysco Global Holdings B.V., which replaces its existing $3.0 billion senior revolving credit facility.

1. 01

   Sysco said on September 5, 2025 it entered into a Credit Agreement with Bank of America, N.A. as Administrative Agent, together with Sysco Canada and Sysco Global Holdings B.V., which replaces its existing $3.0 billion senior revolving credit facility.

2. 02

   Sysco said the aggregate commitments of the lenders under the new agreement as of the effective date are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of September 5, 2030.

3. 03

   Sysco said the new agreement contains limitations on consolidations, mergers and sales of assets, limitations on the incurrence of certain liens, and a requirement to maintain a certain ratio of consolidated EBITDA to consolidated interest expense. Borrowings are guaranteed by those wholly-owned subsidiaries of Sysco that are guarantors of the Company's senior notes and debentures, and the agreement will serve as a backstop for Sysco's commercial paper program.

4. 04

   Sysco said it has no material relationship with any of the other parties to the new agreement, except that certain of the other parties were lenders under the Company's previous credit facilities and certain of the lenders provide commercial banking, investment banking, underwriting, trust and other financial advisory services to Sysco and its subsidiaries, for which they have received or will receive customary fees and expenses.

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