425 ·Filed Apr 20, 2026

SYY

SYSCO CORP
NEUTRAL
Impact 5/10
Horizonmonths Processed5mo ago SEC0001193125-26-164096
Rule 425 M&A communications
Actionable Insight • Neutral

Monitor the Q3 and Q4 2026 earnings calls for updates on the Jetro acquisition closing timeline and any changes to guidance related to integration costs or synergy realization.

DirectionNeutral
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d ⚠ clustered
SYY ▲ +10.35% at T+60d
NEUTRAL call ✓ call won +10.35% · α vs SPY +3.73% · entry $74.54 → $82.25
Entry anchored
Apr 20, 03:59 PM ET
via exchange tick
T+1d
+1.05%
call +1.05% · α +0.03%
$75.32
settled 5mo ago
T+5d
-1.85%
call -1.85% · α -2.94%
$73.16
settled 5mo ago
T+20d
-1.36%
call -1.36% · α -6.28%
$73.52
settled 5mo ago
T+60d
+10.35%
call +10.35% · α +3.73%
$82.25
settled 3mo ago

Price Chart

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Executive Summary

Sysco Corp entered into new credit agreements on April 16, 2026, establishing a $3.0 billion term loan facility and a $3.0 billion revolving credit facility, which will increase to $4.0 billion upon closing its acquisition of Jetro Restaurant Depot. The term loans consist of a $1.25 billion tranche maturing in one year and a $1.75 billion tranche maturing in two years, with proceeds used to fund the acquisition, refinance existing debt, and cover transaction costs.

Key Financial Metrics

Deal Value
$29.0B
Deal Type
acquisition

Key Facts

  • Sysco entered into a $3.0 billion term loan credit agreement with a $1.25 billion tranche maturing in 364 days and a $1.75 billion tranche maturing in two years
  • Sysco entered into a $3.0 billion revolving credit agreement that will increase to $4.0 billion upon closing the Jetro acquisition
  • Proceeds will fund the acquisition of Jetro Restaurant Depot, refinance existing debt, and cover transaction fees and expenses
  • The term loans will mature on April 16, 2031, while the revolving credit agreement has a maturity date of April 16, 2031
  • The credit agreements contain customary covenants and events of default, including requirements to maintain a certain ratio of consolidated EBITDA to consolidated interest expense

Financial Impact

$3.0 billion in term loans and $4.0 billion in revolving credit (post-acquisition)

debtinterest expenseleverage ratio

Risk Factors

  • Failure to close the Jetro acquisition within the required timeframe could impact the availability of the increased $4.0 billion revolving credit facility
  • The company will face increased interest expense from the new debt facilities, which could pressure margins if synergies from the acquisition are not realized as expected

Market Snapshot

Exchange
NYSE
Sector
Wholesale-Groceries & Related Products

Investment Themes

Consumer & Retail

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001193125-26-164096
Document: 0001193125-26-164096-index-headers.html0001193125-26-164096
Document: 0001193125-26-164096-index.html0001193125-26-164096
Document: 0001193125-26-164096.txt0001193125-26-164096
26 reports for SYY
Performance horizon
82% Hit rate 9 of 11 directional calls best @ T+60▲ +17.55%Mar 30, 2026
Filters
Rows
Reports for SYY — sortable, filterable
TypeNow
Sep 16, 2026
16d ago
424B5
MIXED ★ 6/10
$78.71 $77.14▼ −1.99%▼ −4.56%$77.49 (−1.55%)
Sep 15, 2026
17d ago
Press Release
BEARISH ★ 6/10
$79.60 $78.67▲ +1.17%▲ +3.28%$77.49 (+2.65%)
Sep 14, 2026
18d ago
8-K
BULLISH ★ 7/10
$79.60 $78.67▼ −1.17%▼ −3.28%$77.49 (−2.65%)
Sep 9, 2026
23d ago
8-K
NEUTRAL ★ 5/10
$81.57 $78.71▼ −3.51%▼ −2.85%$77.49 (−5.00%)
Sep 9, 2026
23d ago
8-K
BULLISH ★ 6/10
$81.57 $78.71▼ −3.51%▼ −2.85%$77.49 (−5.00%)
Aug 20, 2026
6w ago
Press Release
NEUTRAL ★ 2/10
$84.10 $81.94▼ −2.57%▼ −3.04%$77.49 (−7.86%)
Aug 20, 2026
6w ago
8-K
NEUTRAL ★ 4/10
$83.06 $82.45▼ −0.73%▼ −1.85%$77.49 (−6.71%)
Aug 12, 2026
7w ago
425 / 8-K
BULLISH ★ 7/10
$84.69 $82.41▼ −2.70%▼ −2.25%$77.49 (−8.50%)
Aug 4, 2026
8w ago
8-K
BULLISH ★ 6/10
$82.79 $84.26▲ +1.78%▲ +1.88%$77.49 (−6.40%)
Jul 14, 2026
11w ago
Press Release
NEUTRAL ★ 2/10
$82.85 $80.78▼ −2.50%▼ −1.20%$77.49 (−6.47%)
Showing 10 of 26

US Market Status

Market Closed — Opens Mon (65h 1m)

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