What changed
Sysco and Sysco Holdings priced seven tranches of USD senior notes totaling $10,750 million, with coupons from 5.450% due 2029 to 6.600% due 2066. The issuers also priced $3,900 million of USD junior subordinated notes across three series due 2056 at 7.100%, 7.250% and 7.350%, plus C$1,500 million of CAD senior notes at 4.250% due 2030 and 4.800% due 2034, and 1,000 million of EUR junior subordinated notes at 6.000% due 2056. Underwriting agreements were dated September 22, 2026 with Goldman Sachs, TD Securities, BofA Securities, J.P. Morgan and Wells Fargo among the representatives.
Why it matters
Sysco and Sysco Holdings priced seven tranches of USD senior notes totaling $10,750 million, with coupons from 5.450% due 2029 to 6.600% due 2066. The issuers also priced $3,900 million of USD junior