Sysco prices 12.3M-share offering at $81 each to help finance Jetro purchase

Sysco Corporation has priced a $1 billion stock offering, with each share selling for $81.00, according to a Monday announcement. The offering is anticipated to conclude on September 16, 2026, provided all necessary conditions are met. Underwriters have been given a 30-day option to acquire up to $150 million worth of additional shares at the same rate to account for potential over-allotments.

Sysco plans to utilize the net proceeds from the offering to contribute to the funding of its anticipated acquisition of Jetro Restaurant Depot, as stated in a press release. Notably, the offering is not dependent on the successful completion of this acquisition. Goldman Sachs & Co. LLC and TD Securities (USA) LLC have been appointed as the lead book-running managers, while BofA Securities, J.P.

Morgan Securities LLC, and Wells Fargo Securities, LLC also serve as book-running managers. The offering is facilitated through a prospectus supplement under Sysco's existing shelf registration statement filed with the Securities and Exchange Commission. Sysco is a global player, operating 333 distribution centers across 10 countries and employing around 75,000 people.

The company generated sales exceeding $84 billion in fiscal year 2026, which concluded on June 27, 2026.