Sysco launches multi-tranche debt offering totaling $12.15 billion, C$1.5 billion and €1 billion
SYY•Sysco launched a multi-tranche debt offering described in the article body as totaling $13.9 billion, C$1.5 billion and €1 billion. The offerings include senior and junior subordinated notes with maturities from 2029 to 2066 and coupons from 4.25% to 7.35%.
1. Offering details
Sysco launched a multi-tranche debt offering. The article lists $11 billion of U.S. senior notes due from 2029 to 2066, with coupons of 5.45% to 6.6%, and $3.9 billion of U.S. junior subordinated notes due 2056, with coupons of 7.1% to 7.35%.
2. Canadian and euro notes
The offering also includes C$1.5 billion of Canadian senior notes due in 2030 and 2034, with coupons of 4.25% and 4.8%, and €1 billion of 6% junior subordinated notes due 2056. The Canadian notes are expected to close Sept. 25, 2026, and the other tranches Oct. 6, 2026.
