Sysco Corp Enters Material Agreement, Files Financials

TL;DR

SYS just signed a big deal and filed new financials - could be debt or an acquisition.

AI Summary

On February 25, 2025, Sysco Corporation (SYS) entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new contractual commitment or financial obligation for Sysco, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The nature of the 'material definitive agreement' and the 'financial obligation' are not specified, introducing uncertainty about potential impacts on Sysco's financial health.

Key Players & Entities

• Sysco Corporation (company) — Registrant
• February 25, 2025 (date) — Date of earliest event reported
• 1390 Enclave Parkway, Houston, TX 77077 (address) — Principal executive offices

FAQ

From the Filing

0001193125-25-035219.txt : 20250225 0001193125-25-035219.hdr.sgml : 20250225 20250225164651 ACCESSION NUMBER: 0001193125-25-035219 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 24 CONFORMED PERIOD OF REPORT: 20250225 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSCO CORP CENTRAL INDEX KEY: 0000096021 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & RELATED PRODUCTS [5140] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 741648137 STATE OF INCORPORATION: DE FISCAL YEAR END: 0628 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06544 FILM NUMBER: 25664277 BUSINESS ADDRESS: STREET 1: 1390 ENCLAVE PKWY CITY: HOUSTON STATE: TX ZIP: 77077 BUSINESS PHONE: 281-584-1390 MAIL ADDRESS: STREET 1: 1390 ENCLAVE PKWY CITY: HOUSTON STATE: TX ZIP: 77077 8-K 1 d896795d8k.htm 8-K 8-K SYSCO CORP false 0000096021 0000096021 2025-02-25 2025-02-25     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 25, 2025     Sysco Corporation (Exact name of registrant as specified in its charter)       Delaware   1-06544   74-1648137 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1390 Enclave Parkway , Houston , TX 77077-2099 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (281) 584-1390 N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $1.00 Par Value   SYY   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On February 25, 2025, Sysco Corporation (the “Company”) issued and sold $700,000,000 aggregate principal amount of the Company’s 5.100% Senior Notes due 2030 (the “2030 Notes”) and $550,000,000 aggregate principal amount of the Company’s 5.400% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”). The Notes were offered and sold pursuant to an automatically effective Registration Statement o