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Sysco 8-K Report, Material Agreement (Apr 20, 2026)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed April 20, 2026
Period End
April 16, 2026
Security
SYY
In the record · 2016–202610-K1210-Q328-K147

SYY filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 147 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’17Jul ’17
  2. Material agreement8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed April 20, 2026. Cited figures are marked; the original filing is the authoritative source.

On April 16, 2026, Sysco Corporation entered into two new credit agreements with Bank of America, N.A. as administrative agent, replacing its existing $3.0 billiona senior revolving credit facility originally entered into on September 5, 2025.

The New Revolver Credit Agreement provides aggregate commitments of $3.0 billion as of the effective date, increasing to $4.0 billionb upon consummation of the previously announced acquisition of JRD Unico, Inc. and Warehouse Realty, LLC (together, Jetro Restaurant Depot), with an option to increase to $5.0 billion. Loans drawn under it mature April 16, 2031, and it will continue to serve as a backstop for Sysco's commercial paper program. Subsidiary borrowers Sysco Canada, Inc. and Sysco Global Holdings B.V. are parties to this facility.

The New Term Credit Agreement provides $3.0 billionc of aggregate commitments, consisting of a $1.25 billion Tranche A that matures 364 days from the Closing Date and a $1.75 billion Tranche B that matures two years from the Closing Date. Term loan proceeds will fund in part the Jetro Restaurant Depot merger transactions, refinance JRD's indebtedness on the Closing Date, and pay related fees and expenses. Revolver proceeds are for general corporate purposes.

Both agreements contain customary covenants, including a requirement to maintain a ratio of consolidated EBITDA to consolidated interest expense, and customary events of default. The filing also states that the credit agreements are filed as Exhibits 10.1 and 10.2 with certain portions redacted under Regulation S-K Item 601(b)(10)(iv), and that certain schedules and exhibits were omitted under Item 601(a)(5). The filing references a possible Form S-4 registration statement by New Slider Holdco, Inc. in connection with the proposed transaction, and notes that Sysco has no material relationships with the other parties to the credit agreements beyond prior facilities and customary banking services.

02—Key points

Key Highlights

  1. New $3.0 billion revolving credit facility with Bank of America, N.A. as administrative agent replaces the existing $3.0 billion facility from September 5, 2025.
  2. Revolver commitments increase to $4.0 billion upon consummation of the Jetro Restaurant Depot acquisition, with an option to increase to $5.0 billion; loans mature April 16, 2031.
  3. New $3.0 billion Term Loan Credit Agreement comprises a $1.25 billion Tranche A maturing 364 days after the Closing Date and a $1.75 billion Tranche B maturing two years after the Closing Date.
  4. Term loan proceeds will partly fund the Jetro Restaurant Depot merger and refinance JRD's indebtedness on the Closing Date.
  5. Sysco Canada, Inc. and Sysco Global Holdings B.V. are subsidiary borrowers under the New Revolver Credit Agreement, with borrowings guaranteed by Sysco.
  6. The revolver continues to serve as a backstop for Sysco's commercial paper program.
  7. Both agreements include customary covenants, including a minimum ratio of consolidated EBITDA to consolidated interest expense.

03—Questions

Frequently Asked Questions

  1. What changed in Sysco's credit facilities?

    On April 16, 2026, Sysco entered into a New Revolver Credit Agreement replacing its existing $3.0 billion senior revolving facility, and a separate $3.0 billion New Term Credit Agreement, both with Bank of America, N.A. as administrative agent.

  2. How will the facilities change after the Jetro Restaurant Depot acquisition closes?

    Revolver commitments will increase from $3.0 billion to $4.0 billion from and after the Closing Date, with an option to increase them to $5.0 billion.

  3. When do the new loans mature?

    Revolver loans mature April 16, 2031. Term loans under Tranche A mature 364 days from the Closing Date, and Tranche B loans mature two years from the Closing Date.

  4. What will the borrowed funds be used for?

    Revolver proceeds are for general corporate purposes. Term loan proceeds will fund in part the merger transactions, refinance JRD's indebtedness on the Closing Date, and pay related transaction fees and expenses.

  5. Are the full agreements publicly available?

    The agreements are filed as Exhibits 10.1 and 10.2 with certain portions redacted under Regulation S-K Item 601(b)(10)(iv), and certain schedules and exhibits omitted under Item 601(a)(5); Sysco agrees to furnish unredacted copies to the SEC upon request.

04—Continue

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