On September 22, 2026, Sysco Corporation and Sysco Holdings Corporation entered into several underwriting agreements to issue debt securities. The filings detail the terms of offerings for Senior Notes, Junior Subordinated Notes, and CAD Senior Notes.
Under the USD Senior Notes Underwriting Agreement, the company sold seven series of dollar-denominated debt. The aggregate principal amount raised was $10.75 billion. The notes include:
- $1.75 billion of 5.450% Senior Notes due 2029
- $2.00 billion of 5.600% Senior Notes due 2031
- $1.50 billion of 5.800% Senior Notes due 2033
- $2.00 billion of 5.950% Senior Notes due 2036
- $1.00 billion of 6.400% Senior Notes due 2046
- $1.75 billion of 6.500% Senior Notes due 2056
- $750 million of 6.600% Senior Notes due 2066
Separately, the company issued USD Junior Subordinated Notes. The total principal amount for this series was $3.9 billion, consisting of:
- $1.50 billion of 7.100% Series A Junior Subordinated Notes due 2056
- $1.00 billion of 7.250% Series B Junior Subordinated Notes due 2056
- $1.40 billion of 7.350% Series C Junior Subordinated Notes due 2056
The company also issued CAD Senior Notes totaling C$1.5 billion. This includes:
- C$750 million of 4.250% Senior Notes due 2030
- C$750 million of 4.800% Senior Notes due 2034
Underwriters for the USD Senior Notes and USD Junior Subordinated Notes include Goldman Sachs & Co. LLC, TD Securities (USA) LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities LLC. Goldman Sachs & Co. LLC, TD Global Finance unlimited company, Merrill Lynch International, J.P. Morgan Securities plc, and Wells Fargo Securities International Limited served as underwriters for the EUR Junior Subordinated Notes. Goldman Sachs & Co. LLC, TD Securities Inc., and Merrill Lynch Canada Inc. served as underwriters for the CAD Senior Notes.
The closing dates for the transactions are contingent upon customary closing conditions. The CAD Senior Notes are expected to close on September 25, 2026. The USD Senior Notes, USD Junior Subordinated Notes, and EUR Junior Subordinated Notes are each expected to close on October 6, 2026.
