backOn February 25, 2025, Sysco Corporation (NYSE: SYY) completed an underwritten registered offering generating $1.25 billion in proceeds, through the offer and sale of (i) $700 million aggregate principal amount of its 5.100% senior notes due 2030, and (ii) $550 million aggregate principal amount of its 5.400% senior notes due 2035.
Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more.
As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. It acts as a trusted business partner to its customers, helping them grow through its industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.
The King & Spalding team advising Sysco on the senior notes offering included Jonathan Newton, Trevor Pinkerton, Zack Davis, Rishika Sengupta, Savannah Padgett and Shelby Williams. Craig Phillips advised on tax matters. Kim Cagle, Maureen Sweeney, Russell Sacks and Steven Blau advised on opinion matters.