Company: SYY
Filing Date: 2025-02-18
Form Type: 424B2
Source: 0001193125-25-028023
Chunk: 14

Company: SYSCO CORP
Filing Date: 2025-02-18
Form: 424B2
Chunk 14
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 heading “Special Note Regarding Forward-Looking Statements” in this prospectus supplement. Risks Related to the Notes Our substantial indebtedness and any additional indebtedness could adversely affect our financial health and prevent us from fulfilling our obligations under the notes. After giving effect to the issuance of the notes offered hereby, we will continue to have a significant amount of indebtedness. As of December 28, 2024, we had, on a consolidated basis, outstanding total debt of approximately $12.6 billion and shareholders’ equity of approximately $2.0 billion. Adjusted to give effect to the issuance of the notes offered hereby, as of December 28, 2024, we would have had, on a consolidated basis, outstanding total debt of approximately $13.9 billion and shareholders’ equity of approximately $2.0 billion. See “Capitalization.” Our substantial amount of debt could have important consequences for you. For example, it could:

| • |     | make it more difficult for us to satisfy our obligations with respect to the notes; |

| • |     | limit our ability to obtain additional financing, if needed, for working capital, capital expenditures, 
 acquisitions, debt service requirements or other purposes;                                              |

| • |     | increase our vulnerability to adverse economic and industry conditions; |

| • |     | limit our flexibility in planning for, or reacting to, changes in our business and our industry; and |

| • |     | place us at a competitive disadvantage compared to our competitors that have less debt. |

We may incur substantial additional indebtedness in the future. Although the instruments governing our unsecured indebtedness, including the indenture governing the notes, limit our ability to incur secured indebtedness, these restrictions are subject to a number of qualifications and exceptions and, under certain circumstances, debt incurred in compliance with these restrictions could be substantial. The indenture does not limit our or our subsidiaries’ ability to incur certain additional unsecured indebtedness. Any significant additional indebtedness incurred may adversely impact our ability to service our debt, including our obligations under the notes. We will depend on distributions of cash flow and earnings of our subsidiaries to meet our payment obligations under the notes and our other obligations. We derive a substantial portion of our operating income from, and hold a significant amount of assets through, our subsidiaries. As a result, we will depend on distributions of cash flow and earnings of our subsidiaries to meet our payment obligations under the notes and our other obligations. Our subsidiaries are separate and distinct legal entities and, unless