Here are the 424B prospectus supplements from Sysco Corporation (SYY) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SYY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SYY filings page.
Sysco Corporation (SYY) and its wholly owned subsidiary Sysco Holdings Corporation are offering seven series of unsecured senior notes: $1.75 billion at 5.450% due 2029; $2 billion at 5.600% due 2031; $1.5 billion at 5.800% due 2033; $2 billion at 5.950% due 2036; $1 billion at 6.400% due 2046; $1.75 billion at 6.500% due 2056; and $750 million at 6.600% due 2066. Interest is payable semi-annually.
The issuers estimate net proceeds of approximately $10.64 billion after underwriting discounts and estimated offering expenses. If the JRD Acquisition Transactions close, proceeds, other financing proceeds and cash on hand are intended to fund the cash consideration and related costs. The offering is not contingent on closing. If a Special Mandatory Redemption Event occurs, all series except the 2036 notes must be redeemed at 101% of principal plus accrued and unpaid interest; the 2036 notes remain outstanding.
The notes rank as unsecured senior obligations and are structurally subordinated to liabilities of non-guarantor subsidiaries. After giving pro forma effect to the acquisition and financing, net debt as of June 27, 2026 would have been $32.286 billion; net debt to EBITDA adjusted for Certain Items would have been 4.89x.
Sysco Corporation (SYY) and its wholly owned subsidiary Sysco Holdings Corporation are offering C$750,000,000 of 4.250% senior notes due October 3, 2030, and C$750,000,000 of 4.800% senior notes due October 3, 2034. Interest is payable semiannually on April 3 and October 3, beginning April 3, 2027. Estimated net proceeds are approximately C$1.49 billion after underwriting discounts and estimated offering expenses.
The issuers intend to use the proceeds, alongside other financing and cash on hand, to pay the cash consideration and related costs for Sysco’s proposed acquisition of Jetro Restaurant Depot; the notes offering is not contingent on closing. If the acquisition does not close by March 30, 2028 (or a later date agreed by the parties), Sysco gives written notice that the merger agreement has terminated, or Sysco notifies the trustee in writing and publicly announces that it will not pursue the deal, the issuers must redeem the notes at 101% of principal plus accrued and unpaid interest to, but excluding, the redemption date. As of June 27, 2026, pro forma total debt after the acquisition and financing transactions would have been approximately $34.4 billion. The notes are unsecured senior obligations and are structurally subordinated to liabilities of non-guarantor subsidiaries.
Sysco Corporation (SYY) and co-issuer Sysco Holdings Corporation are offering $3.9 billion aggregate principal amount of junior subordinated notes due 2056: $1.5 billion of Series A notes at an initial 7.100% rate, $1.0 billion of Series B notes at 7.250%, and $1.4 billion of Series C notes at 7.350%. Interest is payable semi-annually, subject to the issuers’ option to defer payments. After the initial periods, rates reset based on the Five-year U.S. Treasury Rate; Series A and B also have scheduled rate step-ups.
The issuers estimate net proceeds of approximately $3.8 billion and intend to use them with other financing proceeds and cash on hand to fund the Jetro Restaurant Depot acquisition and related costs if it closes. The proposed transaction includes $21.6 billion in cash, subject to customary adjustments, and 91.5 million Sysco Holdings shares for Jetro Restaurant Depot equity holders. If the acquisition has not closed by March 30, 2028 (or a later date agreed by the parties), the merger agreement is terminated and Sysco notifies the trustee, or Sysco notifies the trustee and publicly announces it will not pursue the acquisition, the notes must be redeemed at 101% of principal plus accrued and unpaid interest. The notes are unsecured, junior subordinated obligations and are not intended to be listed on an exchange.
Sysco Corporation (SYY), with Sysco Holdings Corporation as co-issuer, is offering €1,000,000,000 aggregate principal amount of 6.000% junior subordinated notes due October 6, 2056. The notes pay an initial 6.000% annual interest rate, with the rate resetting every five years after the First Reset Date to the applicable Five-year Swap Rate plus the Initial Margin. The formula adds 0.25% beginning October 6, 2037 and 1.00% beginning October 6, 2052. Interest is payable annually beginning October 6, 2027, but may be deferred for up to 10 consecutive years if no event of default is continuing; deferred interest accrues additional interest.
The Issuers estimate net proceeds of approximately €0.99 billion after underwriting discounts and estimated expenses. If the JRD Acquisition Transactions are consummated, they intend to use the proceeds with other financing proceeds and cash on hand for the cash consideration and related costs. Under the merger agreement, Jetro Restaurant Depot equity holders would receive $21.6 billion in cash, subject to customary adjustments, and 91.5 million Sysco Holdings shares. If the acquisition does not close by March 30, 2028 (or a later agreed date), the merger agreement terminates before closing, or Sysco announces it will not pursue closing, the notes must be redeemed at 101% of principal plus accrued and unpaid interest. The offering is not contingent on the acquisition closing.
SYSCO CORP (SYY), together with Sysco Holdings Corporation, is launching a multi‑tranche offering of senior unsecured notes maturing between 2029 and 2066 under its automatic shelf registration, with each series initially guaranteed by key wholly owned domestic subsidiaries.
The notes are intended to help finance Sysco Corporation’s planned acquisition of Jetro Restaurant Depot (JRD) via a cash‑and‑stock transaction in which JRD holders will receive $21.6 billion in cash (subject to adjustments) and 91.5 million Sysco Holdings shares, leaving legacy Sysco stockholders owning about 84% of Sysco Holdings and former JRD holders about 16%. If the JRD deal is not completed by agreed deadlines, is terminated, or is abandoned, all series except the 2036 notes are subject to a Special Mandatory Redemption at 101% of principal plus accrued interest.
On a pro forma basis after the transaction, total debt would be about $34.4 billion with Net Debt of $32.3 billion, and Net Debt to EBITDA adjusted for Certain Items of 4.89x, reflecting a materially more leveraged capital structure.
Sysco Corporation (SYY) and its subsidiary Sysco Holdings are issuing Canadian dollar‑denominated senior notes maturing in 2030 and 2034 to help finance the planned acquisition of JRD Unico, Inc. and Warehouse Realty (Jetro Restaurant Depot). The notes are senior unsecured obligations of the co‑issuers and will be fully and unconditionally guaranteed by Sysco Corporation’s existing U.S. senior‑note guarantor subsidiaries.
Net proceeds, together with other new loans, an equity offering and cash on hand, are intended to fund the cash portion of the JRD Acquisition Transactions, in which Jetro Restaurant Depot equity holders will receive $21.6 billion in cash (subject to adjustments) and 91.5 million Sysco Holdings shares. After closing, former Sysco stockholders are expected to own about 84% and former Jetro holders about 16% of Sysco Holdings. If the acquisition is not completed by the agreed outside date, is terminated, or is abandoned, the notes must be redeemed at 101% of principal plus accrued interest under a special mandatory redemption.
The notes feature optional redemption, a tax‑redemption right and a Change of Control Repurchase Event put at 101% of principal. On a pro forma basis as of June 27, 2026, Sysco and its subsidiaries would have had about $34.4 billion of total debt, Net Debt of $32.3 billion and EBITDA adjusted for Certain Items of $6.6 billion, implying pro forma Net Debt to adjusted EBITDA of 4.89x. Non‑guarantor subsidiaries would account for about 79.2% of total assets and 49.4% of sales, so the notes are structurally subordinated to their liabilities.
Sysco Corporation (SYY) and its subsidiary Sysco Holdings are co‑issuing three series of long‑dated junior subordinated notes due 2056, with fully and unconditionally guaranteed, junior subordinated guarantees from Sysco’s domestic note guarantor subsidiaries. The notes carry fixed‑to‑reset interest rates tied to the Five‑year U.S. Treasury Rate, include step‑up margins over time, and allow the issuers to defer interest for up to 10 consecutive years per deferral period, subject to restrictions on dividends and pari/junior debt payments.
The offering is part of a larger financing package for Sysco’s planned acquisition of Jetro Restaurant Depot (JRD), where Jetro holders are to receive $21.6 billion in cash plus 91.5 million Sysco Holdings shares, leaving legacy Sysco stockholders with about 84% and former Jetro holders about 16% of Sysco Holdings. If the JRD transactions are not completed or are abandoned, the notes must be redeemed at 101% of principal plus accrued interest under a special mandatory redemption. Sysco also discloses significant pro forma leverage post‑acquisition and provides non‑GAAP metrics such as EBITDA and Net Debt to illustrate the combined company’s scale.
Sysco Corporation (SYY) and its subsidiary Sysco Holdings plan to issue euro‑denominated junior subordinated notes due 2056 under their automatic shelf. The notes are deeply subordinated, unsecured obligations with guarantees from key U.S. subsidiaries, sitting below about $24.2 billion of pro forma senior debt within total pro forma debt of $34.4 billion.
Interest is fixed initially, then resets every five years off the five‑year swap rate with margin step‑ups and can be deferred for up to 10 consecutive years, during which unpaid interest compounds and strict restrictions apply to dividends, share repurchases and pari‑passu or junior debt payments. Proceeds, alongside a $22.0 billion bridge facility, term loans, revolver capacity and a $967.4 million equity offering, are intended to fund Sysco’s cash‑and‑stock acquisition of Jetro Restaurant Depot for $21.6 billion in cash plus 91.5 million Sysco Holdings shares.
If the JRD deal fails or is abandoned, the notes must be redeemed at 101% plus accrued interest via a Special Mandatory Redemption. The notes also carry various tax‑ and rating‑driven call options and are expected to be listed on the NYSE, though no trading market exists yet.
Sysco Corporation (SYY) is conducting a primary offering of 12,345,679 shares of common stock at $81.00 per share, for a total public offering price of $999,999,999, under an automatic shelf registration. Underwriters have a 30‑day option to buy up to 1,851,851 additional shares.
Net proceeds are estimated at about $967.4 million and, together with new credit facilities, a bridge loan and other securities offerings, are intended primarily to help fund the proposed acquisition of Jetro Restaurant Depot for $21.6 billion in cash plus 91.5 million Sysco Holdings shares, and related fees. If that transaction does not close, proceeds will be used for general corporate purposes.
On a pro forma basis for fiscal 2026 including Jetro Restaurant Depot, Sysco reports $100.6 billion in sales, $1.65 billion in net earnings, $6.61 billion EBITDA adjusted for Certain Items and Net Debt of $32.3 billion, implying Net Debt to adjusted EBITDA of 4.89x.
Sysco Corporation (SYY) plans a primary offering of $1,000,000,000 of common stock under its shelf registration, with an additional $150,000,000 overallotment option for underwriters. The shares are listed on the NYSE under “SYY.”
Sysco expects, if the JRD Acquisition Transactions close, to use net proceeds from this equity raise, together with proceeds from related financing transactions and cash on hand, to pay the $21.6 billion cash portion of the acquisition consideration for Jetro Restaurant Depot and related fees and expenses. If the acquisition is not completed, proceeds will be used for general corporate purposes. After the mergers, Sysco Corporation, JRD, and Warehouse Realty will become wholly owned by Sysco Holdings, and existing Sysco stockholders are expected to own about 84% of Sysco Holdings, with former Jetro equity holders owning about 16%.
Sysco Corporation is offering two new series of senior unsecured notes under its automatic shelf registration. The notes will be general senior obligations of Sysco, initially fully and unconditionally guaranteed by certain wholly owned domestic subsidiaries that also guarantee Sysco’s other senior notes.
The notes include optional redemption features and a change of control repurchase provision requiring Sysco to offer to buy affected notes at 101% of principal plus accrued interest if a defined change of control and ratings downgrade occur. The notes are not secured and will be structurally subordinated to obligations of non‑guarantor subsidiaries.
Sysco expects to use the net proceeds for general corporate purposes, including repayment of borrowings under its commercial paper programs, which had an outstanding balance of approximately $1.3 billion as of December 27, 2025. Pending use, proceeds may be invested in cash, cash equivalents and U.S. government securities.