Sysco Corp., founded in 1969 and headquartered in Houston, Texas, is a leading global foodservice distribution company dedicated to providing customers with food products and services. The company offers a comprehensive range of products, including fresh and frozen foods, kitchen equipment, and supplies, catering primarily to restaurants, healthcare facilities, and educational institutions.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Sysco Corp. began issuing bonds in the early 1990s as part of its strategy to fund growth and acquisitions. A notable issuance occurred in May 2020, when Sysco raised $1 billion through senior notes to strengthen its liquidity amid the pandemic's impact on the foodservice industry. Current bond yields for Sysco's debt offerings tend to be competitive within the industry, reflecting solid financial performance and a stable market position. The company has also been active in issuing sustainability-linked bonds, emphasizing its commitment to environmental responsibility.