• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Sysco Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement

    9/8/25 6:08:18 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary
    Get the next $SYY alert in real time by email
    8-K
    SYSCO CORP false 0000096021 0000096021 2025-09-05 2025-09-05
     
     

    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): September 5, 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 September 5, 2025, Sysco Corporation (“Sysco”), a Delaware corporation, and its wholly-owned subsidiaries, Sysco Canada, Inc., a British Columbia corporation (“Sysco Canada”), and Sysco Global Holdings B.V., a Netherlands limited liability company (together with Sysco Canada, the “Subsidiary Borrowers”), entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent, and the lenders and guarantors party thereto (the “New Credit Agreement”), which replaces Sysco’s existing $3.0 billion senior revolving credit facility that was originally entered into on April 29, 2022, (as amended, the “Existing Credit Agreement”). The aggregate commitments of the lenders under the New Credit Agreement, as of the effective date, are $3.0 billion, with an option to increase such commitments to $4.0 billion, and with a maturity date of September 5, 2030.

    The New Credit Agreement contains customary terms and conditions for credit facilities of this type, including, without limitation, affirmative and negative covenants containing limitations on consolidations, mergers, and sales of assets, limitations on the incurrence of certain liens, and certain reporting covenants, including, without limitation, a requirement to maintain a certain ratio of consolidated EBITDA to consolidated interest expense. The New Credit Agreement also contains customary events of default, including, without limitation, nonpayment of obligations, violation of covenants, and certain bankruptcy or insolvency events. Certain of the events of default are subject to exceptions, materiality qualifiers, and/or grace periods customary for credit facilities of this type. Borrowings by Sysco and the Subsidiary Borrowers under the New Credit Agreement are, in general, guaranteed by those wholly-owned subsidiaries of Sysco that are guarantors of the Company’s senior notes and debentures. Borrowings by the Subsidiary Borrowers are guaranteed by Sysco. As was the case with the Existing Credit Agreement, the New Credit Agreement will serve as a backstop for Sysco’s commercial paper program.

    The foregoing description of the New Credit Agreement is included to provide information regarding its terms. It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the New Credit Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

    Neither Sysco nor any of its affiliates has any material relationship with any of the other parties to the New Credit Agreement, except for (i) the Company’s previous credit facilities, with respect to which certain of the other parties to the New Credit Agreement (and their respective affiliates) were lenders and (ii) commercial banking, investment banking, underwriting, trust and other financial advisory services provided (or to be provided) to Sysco and its subsidiaries by certain of the lenders under the New Credit Agreement (and their respective affiliates), for which they have received (or will receive) customary fees and expenses.

     

    Item 2.03

    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

    The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

     

    Item 9.01

    Financial Statements and Exhibits.

    (d) Exhibits.

     

    Exhibit
    Number

      

    Description

    10.1    Credit Agreement, dated September 5, 2025, among Sysco Corporation, Sysco Canada, Inc., Sysco Global Holdings B.V., Bank of America, N.A., as Administrative Agent, and certain lenders and guarantors party thereto.
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

     


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, Sysco Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

        Sysco Corporation
    Date: September 8, 2025     By:  

    /s/ Jennifer K. Schott

          Jennifer K. Schott
          Executive Vice President, Chief Legal Officer
    Get the next $SYY alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $SYY

    DatePrice TargetRatingAnalyst
    5/23/2025$78.00Neutral
    Citigroup
    12/18/2024$85.00Hold
    Melius
    5/28/2024$85.00Neutral → Buy
    Guggenheim
    11/21/2023$73.00Neutral
    Piper Sandler
    10/19/2023$75.00Buy
    Deutsche Bank
    3/9/2023$90.00Buy
    BofA Securities
    2/2/2023Buy → Hold
    Argus
    9/23/2022$90.00Overweight
    Stephens
    More analyst ratings

    $SYY
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Sysco to Webcast Presentation at: Barclays 18th Annual Global Consumer Staples Conference and Wells Fargo 8th Annual Consumer Conference

    HOUSTON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Company will webcast its presentation from the Barclays 18th Annual Global Consumer Staples Conference on Wednesday, Sept. 3, at 11:15 a.m. ET. Additionally, the Company will also webcast its presentation at the Wells Fargo 8th Annual Consumer Conference on Tuesday, Sept. 16, at 8:00 a.m. PST. The live webcast for each of these events can be accessed at investors.sysco.com. An archived replay of the webcasts will be available shortly after the live event is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its

    8/26/25 8:03:00 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco Declares Quarterly Dividend Payment

    HOUSTON, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.54 per share, payable on October 24, 2025, to common stockholders of record at the close of business on October 3, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 337 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The co

    8/20/25 5:15:33 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco Reports Fourth Quarter and Full Year 2025 Results; Introduces FY26 Guidance

    HOUSTON, July 29, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 28, 2025. Key financial results for the fourth quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 2.8%; U.S. Foodservice volume decreased 0.3%;Gross profit increased 3.9% to $4.0 billion;Operating income decreased 9.0% to $889 million, and adjusted operating income increased 1.1% to $1.1 billion1;Net earnings decreased 13.2% to $531 million, and adjusted net earnings increased 3.3% to $716 million1;EBITDA decreased 6.

    7/29/25 8:00:00 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    EVP and CHRO Phillips Ronald L exercised 7,351 shares at a strike of $76.54, sold $595,431 worth of shares (7,351 units at $81.00) and covered exercise/tax liability with 336 shares, decreasing direct ownership by 0.80% to 41,501 units (SEC Form 4)

    4 - SYSCO CORP (0000096021) (Issuer)

    9/4/25 5:14:47 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    EVP and CTO Peck Thomas R Jr covered exercise/tax liability with 393 shares, decreasing direct ownership by 0.59% to 66,530 units (SEC Form 4)

    4 - SYSCO CORP (0000096021) (Issuer)

    9/4/25 5:12:51 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    SVP Keller Gregory Scott covered exercise/tax liability with 329 shares, decreasing direct ownership by 2% to 20,547 units (SEC Form 4)

    4 - SYSCO CORP (0000096021) (Issuer)

    9/4/25 5:11:04 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Citigroup initiated coverage on Sysco with a new price target

    Citigroup initiated coverage of Sysco with a rating of Neutral and set a new price target of $78.00

    5/23/25 8:17:22 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Melius initiated coverage on Sysco with a new price target

    Melius initiated coverage of Sysco with a rating of Hold and set a new price target of $85.00

    12/18/24 7:53:29 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco upgraded by Guggenheim with a new price target

    Guggenheim upgraded Sysco from Neutral to Buy and set a new price target of $85.00

    5/28/24 7:48:59 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    SEC Filings

    View All

    Sysco Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement

    8-K - SYSCO CORP (0000096021) (Filer)

    9/8/25 6:08:18 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    SEC Form 144 filed by Sysco Corporation

    144 - SYSCO CORP (0000096021) (Subject)

    8/13/25 3:43:00 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - SYSCO CORP (0000096021) (Filer)

    7/29/25 8:03:41 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    Leadership Updates

    Live Leadership Updates

    View All

    Sysco celebrates expansion with grand opening of Sysco Tampa Bay

    PLANT CITY, Fla., July 22, 2025 (GLOBE NEWSWIRE) -- Today, Sysco Corporation, the leading global foodservice distribution company, is inviting media to attend a press conference and tour celebrating the grand opening of our newest distribution center, Sysco Tampa Bay. WHAT: Sysco Tampa Bay grand opening, ribbon-cutting, press conference and tourTIME AND DATE: 9:30 a.m. EST on July 24, 2025WHERE: 475 Charlie Taylor Road, Plant City, Fla., 33566KEY SPEAKERS: Sysco Chairman and CEO Kevin HouricanFlorida State Sen. Jay CollinsPlant City Mayor Nate KiltonFlorida State Commerce Department representative Madison LawsonSysco Region President Jane GroutRSVP AND QUESTIONS: [email protected] Sysco in

    7/22/25 8:40:15 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco Opens Second Sysco To Go Store in the Heart of the City's Diverse Culinary Scene

    HOUSTON, July 21, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation, global leader in foodservice distribution, invites media to join it in a grand opening celebration of its second Sysco To Go store —a retail store designed to meet the needs of independent restaurants, food trucks, caterers and small businesses in the heart of Houston's medical, sports and entertainment hub. Strategically located in central Houston near various businesses and foodservice establishments, Sysco To Go expands access to well-priced, quality products – from Mexican and Pan-Asian to American bar & grill favorites.The grand opening event will feature a ribbon-cutting ceremony, product samples and opportunities to co

    7/21/25 12:01:00 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco partners with The MICHELIN Guide for the 2025 Florida MICHELIN Guide Ceremony

    HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation announced today its new partnership as the official wholesale food distributor for the MICHELIN Guide. The collaboration links the world's largest food distributor to one of the world's most celebrated culinary events. The partnership will be celebrated at the 2025 MICHELIN Guide Florida Ceremony in Orlando on April 17 and will bring Sysco's high-quality, premium products and culinary expertise to one of the world's most celebrated culinary events. The MICHELIN Guide is renowned for its prestigious ratings and in-depth reviews of restaurants worldwide, representing the pinnacle of gastronomic achievement. "We are deligh

    4/14/25 2:00:00 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    Financials

    Live finance-specific insights

    View All

    Sysco Declares Quarterly Dividend Payment

    HOUSTON, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.54 per share, payable on October 24, 2025, to common stockholders of record at the close of business on October 3, 2025. About Sysco Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 337 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The co

    8/20/25 5:15:33 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco Reports Fourth Quarter and Full Year 2025 Results; Introduces FY26 Guidance

    HOUSTON, July 29, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) ("Sysco" or the "company") today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 28, 2025. Key financial results for the fourth quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 2.8%; U.S. Foodservice volume decreased 0.3%;Gross profit increased 3.9% to $4.0 billion;Operating income decreased 9.0% to $889 million, and adjusted operating income increased 1.1% to $1.1 billion1;Net earnings decreased 13.2% to $531 million, and adjusted net earnings increased 3.3% to $716 million1;EBITDA decreased 6.

    7/29/25 8:00:00 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Sysco to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 29

    HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) will host a conference call and webcast to discuss its fourth quarter and fiscal year 2025 financial results at 10 a.m. EDT on Tuesday, July 29, 2025. All interested parties are invited to listen online at investors.sysco.com. Prior to the conference call and webcast, the company will also issue a news release and post a slide presentation in the investor relations section of its website. A replay of the webcast will be available online shortly after the live webcast is completed. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations section of its website, fou

    7/8/25 8:00:00 AM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    $SYY
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Sysco Corporation

    SC 13G/A - SYSCO CORP (0000096021) (Subject)

    11/12/24 5:52:37 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Amendment: SEC Form SC 13G/A filed by Sysco Corporation

    SC 13G/A - SYSCO CORP (0000096021) (Subject)

    11/4/24 1:52:26 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary

    Amendment: SEC Form SC 13G/A filed by Sysco Corporation

    SC 13G/A - SYSCO CORP (0000096021) (Subject)

    7/10/24 1:14:41 PM ET
    $SYY
    Food Distributors
    Consumer Discretionary