Sysco Corporation Prices $1.0B Public Offering of Common Stock for Jetro Restaurant Depot Acquisition

Offering Overview

Sysco Corporation (NYSE: SYY) has filed a prospectus supplement under Rule 424(b)(5) regarding a public offering of 12,345,679 shares of Common Stock at an offering price of $81.00 per share, generating gross proceeds of $999,999,999.00 (~$1.00 billion) and net proceeds of $969,999,999.03 before estimated expenses.

Key Transaction Terms

• Offering Size: 12,345,679 shares
• Offering Price: $81.00 per share (vs. last reported close of $83.21 on September 11, 2026)
• Underwriting Discount: $2.43 per share ($29,999,999.97 total)
• Net Proceeds to Company (before expenses): $78.57 per share ($969,999,999.03 total)
• Over-Allotment Option: Underwriters granted a 30-day option to purchase up to 1,851,851 additional shares.
• Expected Settlement Date: September 16, 2026
• Joint Book-Running Managers: Goldman Sachs & Co. LLC, TD Securities, BofA Securities, J.P. Morgan, Wells Fargo Securities, BNP PARIBAS, BTIG, PNC Capital Markets LLC, and Truist Securities.

Use of Proceeds

Proceeds from the offering, along with borrowings under new credit facilities and cash on hand, are intended to fund the cash purchase price and transaction fees associated with the pending acquisition of Jetro Restaurant Depot (JRD Unico, Inc. and Warehouse Realty, LLC). The offering is not contingent on the closing of the acquisition; if the transaction is not completed, proceeds will be allocated to general corporate purposes.