Loan & DebtApr 20, 2026, 04:37 PM
Sysco Secures New $3.0B Revolver & Term Credit Agreements
AI Summary
Sysco Corporation entered into a New Revolver Credit Agreement for $3.0 billion, which will increase to $4.0 billion upon the consummation of the acquisition of Jetro Restaurant Depot. This new facility replaces Sysco's existing $3.0 billion senior revolving credit facility. The company also secured an option to further increase commitments to $5.0 billion, with loans maturing on April 16, 2031. Additionally, Sysco entered into a New Term Credit Agreement.
Key Highlights
- New Revolver Credit Agreement for $3.0 billion, increasing to $4.0 billion post-acquisition.
- Option to increase revolver commitments to $5.0 billion.
- Loans under New Revolver Credit Agreement mature on April 16, 2031.
- Replaces existing $3.0 billion senior revolving credit facility.
- New Term Credit Agreement also entered into.