Sysco Announces C$1.5 Billion Senior Note Offering to Fund Acquisition of Restaurant Depot

Sysco Corporation announced a public offering of senior notes totaling C$1.5 billion, issued by Sysco and its wholly-owned subsidiary, Sysco Holdings Corporation. The offering includes C$750 million in 4.250% Senior Notes due 2030 and C$750 million in 4.800% Senior Notes due 2034. The Issuers expect to receive approximately C$1.49 billion from the offering, which was made via a prospectus supplement filed with the SEC.

The net proceeds from the offering are intended to pay a portion of the cash consideration for the pending acquisition of Restaurant Depot. Alternatively, the funds would be used to cover special mandatory redemption of the notes if the acquisition does not close.