Sysco Secures $6.0 Billion in New Credit Facilities to Fund Jetro Restaurant Depot Acquisition

summarizeSummary

Sysco Corporation entered into new credit agreements totaling $6.0 billion, including a $3.0 billion revolving credit facility and a $3.0 billion term loan, to finance its previously announced acquisition of Jetro Restaurant Depot and for general corporate purposes.

check_boxKey Events

• New Credit Agreements Signed

  Sysco entered into a new $3.0 billion revolving credit facility and a new $3.0 billion term loan credit agreement on April 16, 2026.

• Acquisition Financing

  Proceeds from the $3.0 billion term loan will primarily fund the previously announced acquisition of Jetro Restaurant Depot and refinance its existing indebtedness.

• Expanded Revolving Capacity

  The revolving credit facility, initially $3.0 billion, will increase to $4.0 billion upon the consummation of the Jetro acquisition, providing enhanced financial flexibility for general corporate purposes.

• Maturity Dates

  The revolving credit facility matures on April 16, 2031. The term loan consists of a $1.25 billion tranche maturing 364 days from the closing date and a $1.75 billion tranche maturing two years from the closing date of the acquisition.

auto_awesomeAnalysis

This filing details the successful securing of substantial financing for Sysco's strategic acquisition of Jetro Restaurant Depot. The new $3.0 billion term loan and the expanded $4.0 billion revolving credit facility (up from $3.0 billion) provide the necessary capital for the acquisition and associated refinancing, demonstrating strong lender confidence. This is a critical step in the execution of a major corporate growth strategy.