Sysco amends revolving credit deal to add USD 750 million delayed-draw term loan with CoBank

Reuters2026/09/04 20:07

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Sysco amended its revolving credit agreement on Sept. 4, 2026 to add a USD 750 million senior unsecured delayed draw term loan facility.
CoBank Term Loan split into USD 375 million six-year tranche, USD 375 million eight-year tranche; multiple draws allowed within one year.
Facility arranged with CoBank, Bank of America as administrative agent, lenders already in the revolving credit agreement.
Borrowings rank pari passu with other revolving credit agreement debt; backed by the same subsidiary guarantors as Sysco’s senior notes.
Proceeds earmarked for general corporate purposes, including acquisitions; expected to help fund the proposed JRD Unico and Warehouse Realty deal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sysco Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950142-26-002498), on September 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sysco amends revolving credit deal to add USD 750 million delayed-draw term loan with CoBank

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