SYSCO CORP 8-K

What Happened

• Sysco Corporation filed an 8-K on Feb. 11, 2026 reporting that on Feb. 10, 2026 it and certain subsidiary guarantors entered an Underwriting Agreement to offer $600 million aggregate principal of 4.400% Senior Notes due 2031 and $650 million aggregate principal of 4.950% Senior Notes due 2036.
• The offering is expected to close on Feb. 13, 2026, subject to customary closing conditions. The notes are being offered under Sysco’s Form S-3 registration (No. 333-281830) and described in a Prospectus Supplement dated Feb. 10, 2026.

Key Details

• Total size: $1.25 billion aggregate principal ($600M due 2031; $650M due 2036).
• Coupon rates: 4.400% (2031 Notes) and 4.950% (2036 Notes).
• Underwriters: BofA Securities, Goldman Sachs, J.P. Morgan, TD Securities (USA) and Wells Fargo Securities, as representatives of the underwriting group.
• The Underwriting Agreement includes customary representations, closing conditions, indemnities and termination provisions; certain underwriter affiliates are lenders under Sysco’s credit facility and may receive a portion of proceeds.

Why It Matters

• This transaction will increase Sysco’s outstanding long-term debt by $1.25 billion with fixed interest obligations through 2031 and 2036, which affects the company’s interest expense and leverage profile.
• The filing does not state how proceeds will be used; investors should watch subsequent disclosures (e.g., earnings releases or filings) for intended use and any impact on credit metrics or capital allocation.
• Because certain underwriter affiliates have existing lending or trustee relationships with Sysco, investors should note potential related-party connections disclosed in the filing.