Sysco sells $10.75 billion of senior notes and $3.9 billion of junior notes
On October 6, 2026, Sysco Corporation and Sysco Holdings Corporation issued $10.75 billion of USD senior notes, $3.9 billion of USD junior subordinated notes and €1.0 billion of euro junior subordinated notes. The issuers plan to use the net proceeds to pay part of the cash consideration for the pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, or, if that acquisition is not completed, to fund a special mandatory redemption of the notes other than the 2036 senior notes. The filing adds a large amount of new debt, with maturities running from 2029 to 2066.
Key points
- USD senior notes totaling $10.75 billion across seven series maturing 2029 to 2066, with coupons from 5.450% to 6.600%
- USD junior subordinated notes totaling $3.9 billion in three series due October 6, 2056, with coupons from 7.100% to 7.350%
- Euro junior subordinated notes of €1.0 billion at 6.000%, due 2056
- Proceeds are earmarked for the pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.