On September 14, 2026, Sysco Corporation entered into an Underwriting Agreement to sell 12,345,679 shares of its common stock at a public offering price of $81.00 per share. The offering was led by Goldman Sachs & Co. LLC, TD Securities (USA) LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, acting as representatives of the underwriters.
Under the terms of the agreement, Sysco granted the underwriters a 30-day option to purchase up to an additional 1,851,851 shares solely to cover overallotments. The offering closed on September 16, 2026. After deducting underwriting discounts and commissions and estimated offering expenses, the net proceeds were approximately $967.4 million.
According to the filing, Sysco intends to use the net proceeds to pay a portion of the cash consideration for its pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, as well as to cover all related fees, costs, and expenses.
