Sysco Corporation Closes $1.0B Public Offering of Common Stock to Fund Acquisition

Event Overview

On September 14, 2026, Sysco Corporation entered into an Underwriting Agreement with Goldman Sachs & Co. LLC, TD Securities (USA) LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters, in connection with a registered public offering of common stock.

Key Terms of the Offering

• Shares Offered: 12,345,679 shares of Common Stock, $1.00 par value per share.
• Public Offering Price: $81.00 per share (underwriting purchase price of $78.57 per share).
• Overallotment Option: 30-day option granted to underwriters to acquire up to an additional 1,851,851 shares.
• Net Proceeds: Approximately $967.4 million (after deducting underwriting discounts, commissions, and estimated offering expenses).
• Closing Date: September 16, 2026.

Use of Proceeds

Sysco expects to deploy the net proceeds from the equity offering to fund a portion of the cash consideration and related transaction costs for its pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC (collectively, Jetro Restaurant Depot).