Sysco closes C$1.5 billion senior notes offering
SYY•Sysco closed a C$1.5 billion senior notes offering, with estimated net proceeds of about C$1.49 billion to help fund its pending acquisition of Jetro Restaurant Depot.
1. Offering details
The offering comprises 4.25% senior notes due 2030 and 4.8% senior notes due 2034. If the acquisition does not close, the proceeds would fund a special mandatory redemption of the notes under their terms.
