Sysco plans USD 1 billion common stock offering

SYY•2026-09-14

Stock offering to help fund Jetro Restaurant Depot deal

Sysco launched a USD 1 billion common stock offering, with a 30-day overallotment option for up to an additional USD 150 million.

Net proceeds are earmarked to fund part of the consideration for the pending Jetro Restaurant Depot acquisition. The stock sale is not contingent on completion of the acquisition.

Goldman Sachs, TD Securities, BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as book-running managers.

Sysco plans USD 1 billion common stock offering

Stock offering to help fund Jetro Restaurant Depot deal

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