Sysco Corp Enters Material Definitive Agreement

Ticker: SYY · Form: 8-K · Filed: 2025-06-06T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Sysco signed a big deal, could mean new financial obligations.

AI Summary

Sysco Corporation entered into a material definitive agreement on June 4, 2025. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Further details on the nature and financial implications of this agreement are not provided in this filing excerpt.

Why It Matters

This filing indicates Sysco Corporation has entered into a significant new agreement that could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation or off-balance sheet arrangement suggests potential future financial commitments or liabilities for Sysco.

Key Players & Entities

Sysco Corporation (company) — Registrant
June 4, 2025 (date) — Date of earliest event reported
1390 Enclave Parkway, Houston, TX 77077 (address) — Principal executive offices

FAQ

What is the nature of the material definitive agreement entered into by Sysco Corporation?

The filing states that Sysco Corporation entered into a material definitive agreement on June 4, 2025, but does not specify its nature.

What type of financial obligation does the agreement create for Sysco?

The agreement creates either a direct financial obligation or an obligation under an off-balance sheet arrangement for Sysco.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on June 4, 2025.

What is Sysco Corporation's principal executive office address?

Sysco Corporation's principal executive office is located at 1390 Enclave Parkway, Houston, TX 77077.

What is the IRS Employer Identification Number for Sysco Corporation?

Sysco Corporation's IRS Employer Identification Number is 74-1648137.

From the Filing

0000096021-25-000044.txt : 20250606 0000096021-25-000044.hdr.sgml : 20250606 20250606170319 ACCESSION NUMBER: 0000096021-25-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250604 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 FILED AS OF DATE: 20250606 DATE AS OF CHANGE: 20250606 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 EIN: 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: 251031932 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 syy-20250604.htm 8-K syy-20250604 0000096021 FALSE 0000096021 2024-01-30 2024-01-30 0000096021 us-gaap:CommonStockMember 2024-01-30 2024-01-30 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): June 4, 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 June 4, 2025, Sysco Corporation (“Sysco”), Sysco Global Holdings B. V. (“New Borrower”), Sysco Canada, Inc., Sysco EU II S.À R.L., Bank of America, N.A., as Administrative Agent, and the lenders and guarantors party thereto entered into an amendment (“Amendment No. 2”) to Sysco’s existing Credit Agreement, dated as of April 29, 2022 (as amended by Amendment No. 1 to the Credit Agre