Sysco Corporation
Sysco Enters into New Credit Agreements
Summary
On April 16, 2026, Sysco Corporation entered into a new Credit Agreement and a new Term Loan Credit Agreement with Bank of America, N.A., as the administrative agent. The new Credit Agreement replaces the existing $3.0 billion senior revolving credit facility and has an initial commitment of $3.0 billion, which will increase to $4.0 billion post-acquisition and has an option to increase to $5.0 billion. The new Term Loan Credit Agreement has an initial commitment of $3.0 billion, consisting of a $1.25 billion tranche and a $1.75 billion tranche. Proceeds from the new agreements will be used for general corporate purposes and to fund the acquisition of JRD Unico, Inc. and Warehouse Realty, LLC. The new agreements contain customary terms and conditions for credit facilities, including affirmative and negative covenants, events of default, and guarantees.
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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.
Official SEC Documents
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