Company: SYY
Filing Date: 2025-08-22
Form Type: 10-K
Source: 0000096021-25-000099
Chunk: 38

Company: SYSCO CORP
Filing Date: 2025-08-22
Form: 10-K
Item: Item 8
Chunk 38
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 amounts are classified within long-term debt, as the program is supported by the long-term revolving credit facility. As of June 28, 2025, there were no commercial paper issuances outstanding under this program. On June 12, 2025, we entered into a new commercial paper dealer agreement in Europe for a commercial paper program with borrowings not to exceed €500 million. As of June 28, 2025, there were €175 million (the equivalent of $205 million) in commercial paper issuances outstanding under this program.On February 25, 2025, Sysco issued senior notes (the Notes) totaling $1.25 billion. Details of the Notes are as follows:Maturity DatePar Value(in millions)Coupon RatePricing(percentage of par)September 23, 2030 (the 2030 Notes)$700 5.10 %99.975 %March 23, 2035 (the 2035 Notes)550 5.40 99.924 The Notes initially are fully and unconditionally guaranteed by Sysco’s direct and indirect wholly owned subsidiaries that guarantee Sysco’s other senior notes issued under the indenture governing the Notes or any of Sysco’s other indebtedness. Interest on the Notes will be paid semi-annually in arrears on March 23 and September 23, beginning on September 23, 2025. At Sysco’s option, any or all of the Notes may be redeemed, in whole or in part, at any time prior to maturity. If we elect to redeem (i) the 2030 Notes before the date that is one month prior to the maturity date, or (ii) the 2035 Notes before the date that is three months prior to the maturity date, Sysco will pay an amount equal to the greater of 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest or the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such senior notes matured on the applicable date described above. If we elect to redeem a series of Notes on or after the applicable date described in the preceding sentence, Sysco will pay an amount equal to 100% of the principal amount of the Notes to be redeemed. Sysco will pay accrued and unpaid interest on the Notes redeemed to the redemption date.As of June 28, 2025 and June 29, 202