Company: SYY
Filing Date: 2025-02-18
Form Type: 424B2
Source: 0001193125-25-028023
Chunk: 15

Company: SYSCO CORP
Filing Date: 2025-02-18
Form: 424B2
Chunk 15
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 they are guarantors of the notes, will have no obligation to pay any amounts due on the notes and will have no obligation to provide us with funds for our payment obligations, whether by dividends, distributions, loans or otherwise. In addition, provisions of applicable law, such as those limiting the legal sources of dividends, could limit our subsidiaries’ ability to make distributions and other payments to us, and our subsidiaries could agree to contractual restrictions on their ability to make distributions to us. S-6

Some of our subsidiaries will not guarantee the notes. Your right to receive payment on the notes and the guarantees will be structurally subordinated to the liabilities of our non-guarantorsubsidiaries and could be adversely affected if any of our non-guarantorsubsidiaries declares bankruptcy, liquidates or reorganizes. Some of our subsidiaries will not guarantee the notes. Such non-guarantorsubsidiaries currently include our international and SYGMA subsidiaries, as well as our custom-cutmeat, specialty produce, restaurant equipment and supplies, hotel supply and certain other subsidiaries. The notes will be structurally subordinated to all existing and future liabilities and preferred equity of the subsidiaries that do not guarantee the notes. In the event of liquidation, dissolution, reorganization, bankruptcy, winding up or any similar proceeding with respect to any such subsidiary, creditors and preferred equity holders of that subsidiary generally would have the right to be paid in full before any distribution is made to us. As of December 28, 2024, the total liabilities, including trade payables, of our non-guarantorsubsidiaries were approximately $7.8 billion, and our non-guarantorsubsidiaries collectively owned approximately 60.2% of our consolidated total assets. For the fiscal year ended June 29, 2024 and the 13-weekperiod ended December 28, 2024, our non-guarantorsubsidiaries accounted for approximately 38.3% and 39.6%, respectively, of our consolidated sales. U.S. federal and state statutes allow courts, under specific circumstances, to avoid the guarantees, subordinate claims in respect of the guarantees and require noteholders to return payments received from the guarantors. Certain of our subsidiaries will guarantee our payment obligations under the notes. The issuance of the guarantees by the subsidiary guarantors may be subject to review under federal and state laws if a bankruptcy, liquidation or reorganization case or a lawsuit, including in circumstances in which