On March 8, 2018, BB&T Capital Markets served as a co-manager for a two-tranche offering of $1 billion senior notes by Sysco Corporation.
Proceeds from the offering are being used, in part, to fund the purchase of up to $200 million combined aggregate principal amount of 2039 notes, 2027 debentures, 2028 debentures and 2035 notes in a concurrent tender offer, as well as repay outstanding borrowings under the company’s commercial paper program and for general corporate purposes.
About the company
Sysco Corporation (NYSE: SYY)
Sysco Corporation, acting through its subsidiaries and divisions, is the largest North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. They provide fresh, refrigerated, and frozen food products, as well as non-food products, supplies and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers, and in July 2016 acquired the Brakes Group, a leading European foodservice business by revenue, supplying similar products, as well as non-food products and supplies, to more than 50,000 foodservice customers.
Food & Consumer
Our Food & Consumer investment banking expertise spans the across the entire supply chain: producers, manufacturers, distributors, and retailers.
Private Restaurant Chain
Senior Credit Facility
Lead Arranger and Administrative Agent
Jacent Strategic Merchandising
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Palladium Equity Partners, LLC
BB&T Capital Markets served as financial advisor to Palladium Equity Partners, LLC in their aquisition of Quirch Foods.
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Golding Farms/Centre Partners
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BB&T Capital Markets Serves as Financial Advisor to Promise Gluten Free in its Sale to Mayfair Equity Partners
Hill & Valley/J&J Snack Foods
BB&T Capital Markets Serves as Exclusive Financial Advisor to Hill & Valley in its Sale to J&J Snack Foods
Kinnealey Quality Meats/PFG
BB&T Capital Markets Serves As Exclusive Financial Advisor to T.F. Kinnealey & Co. in its Sale to Performance Food Group Company
KH International/Camerican International
BB&T Capital Markets Serves As Exclusive Financial Advisor to KH International in Its Sale to Camerican International
LaMi Products/Lariat Partners
BB&T Capital Markets Serves as the Exclusive Financial Advisor to LaMi Products in Its Sale to Lariat Partners
Dori Foods/GoodSource Solutions
BB&T Capital Markets Serves As Exclusive Financial Advisor to Dori Foods in its Sale to GoodSource Solutions, a Portfolio Company of Evergreen Pacific Partners
Senior Credit Facility
Halperns’ Steak and Seafood Company/Gordon Food Service
BB&T Capital Markets Serves as the Exclusive Financial Advisor to Halperns’ Steak and Seafood Company in its Sale to Gordon Food Service
Knoxville Beverage Company/Eagle Distribution Company, Inc.
BB&T Capital Markets Serves as the Exclusive Financial Advisor to Knoxville Beverage Company, Inc. in its Sale to Eagle Distributing Company, Inc.
BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Read all disclosures.
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