Sysco Corporation

$1,000,000,000
Two-Tranche Offering of Senior Notes
Co-Manager

Transaction summary

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.

Learn moreabout Sysco Corporation (opens in a new tab)

Food & Consumer

Our Food & Consumer investment banking expertise spans the across the entire supply chain: producers, manufacturers, distributors, and retailers.

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BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA(opens in a new tab) / SIPC(opens in a new tab). 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. Corporate banking products are offered through Branch Banking & Trust Company. Read all disclosures.