Form 8-K · Current Report · Filed 2026-09-04
Sysco Enters into $750 Million Credit Agreement Amendment
Sysco Corporation has entered into a First Amendment to its existing Credit Agreement, establishing a $750 million senior unsecured delayed draw term loan facility with CoBank, ACB, and Bank of America, N.A.
- Filer
- Sysco Corporation SYY · NYSE
- Filed
- Accession
- 0000950142-26-002498
- CIK
- 0000096021
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Details
as administrative agent. The facility consists of a $375 million six-year term loan tranche and a $375 million eight-year term loan tranche, available for drawing in multiple advances during the one-year period following the effective date. The loans will be used for general corporate purposes, including the proposed acquisition of JRD Unico, Inc. and Warehouse Realty, LLC. Additionally, the Compensation and Leadership Development Committee approved one-time performance share units for the CEO and Interim CFO, and a cash award for the Executive Vice President and Chief Human Resources Officer, contingent upon the closing of the JRD Acquisition.
Items reported
Reported Item
Market reaction
Close before filing
$81.08
Next session
-1.5%
Since filing
-1.8%
Latest close
$79.60
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SYY reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, SYY insiders reported 55 Form 4 transactions — net buying of $431K.
About Sysco Corporation
Sysco Corporation stands as a leading global distributor of food products, catering to a wide array of customers including restaurants, healthcare and educational institutions, and hospitality sectors. The company's primary function is the distribution of food and related products, which encompasses everything from fresh produce and meat to canned and frozen foods, along with non-food items like kitchen equipment and cleaning supplies. Operating in sectors such as food service, hospitality, and healthcare, Sysco's expansive logistics network ensures the seamless supply chain management needed to support diverse culinary operations across the globe. Founded in 1969 and headquartered in Houston, Texas, Sysco Corporation plays a pivotal role in the food distribution industry by enhancing supplier-client connections through innovative services and solutions. With operations in North America and Europe, Sysco not only facilitates the essential flow of goods required by businesses of all sizes but also supports them in achieving efficiency and quality in their food-related services. Its comprehensive approach to foodservice distribution underscores its significant impact on the global food economy, making Sysco a vital player in the facilitation of dining experiences worldwide.
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