Sysco Announces Pricing of Common Stock Offering
Sysco priced a public offering of 12,345,679 common shares at $81.00 per share — roughly $1.0 billion in gross proceeds — with closing expected September 16, 2026. Underwriters hold a 30-day option to buy up to an additional $150 million of shares for overallotments, with Goldman Sachs and TD Securities acting as lead book-running managers alongside BofA, J.P. Morgan, and Wells Fargo. Net proceeds will finance a portion of the consideration for the pending Jetro Restaurant Depot acquisition, though the offering itself is not contingent on that deal closing.
Key figures
- Offering Price
- 81
- Shares Offered
- 12345679
- Expected close
- 2026-09-16
- Fiscal 2026 sales
- more than $84 billion
- Implied gross proceeds
- ~$1.0 billion (12,345,679 shares x $81.00)
- Overallotment option usd
- 150000000
AI analysis
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