Sysco Announces Pricing for $81 Per Share Offering
News related to:Sysco Corporation · 2 min read
HOUSTON, Sept. 14, 2026 /CourierPR/ -- Sysco Corporation has announced the pricing of a public offering of 12,345,679 shares of its common stock. The offering, priced at $81.00 per share, is expected to close on September 16, 2026, subject to customary closing conditions.
The company has also granted the underwriters a 30-day option to purchase up to an additional $150 million of shares, solely to cover overallotments, if any, at the same price per share as the other shares purchased by the underwriters.
Sysco intends to use the net proceeds from the offering to finance a portion of the consideration for its pending acquisition of Jetro Restaurant Depot. The offering is not contingent on the consummation of the acquisition.
Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as lead book-running managers for the offering. BofA Securities, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC are also acting as book-running managers.
The offering is being made by means of a prospectus supplement under Sysco’s shelf registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (SEC). Copies of the final prospectus supplement for the offering and the accompanying prospectus can be obtained free of charge by visiting the SEC’s EDGAR website at www.sec.gov. Alternatively, copies may be obtained from the underwriters listed above.
Sysco Corporation, the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home, is leveraging this capital raise to support its strategic initiatives. The company operates 333 distribution centers in 10 countries, serving approximately 670,000 customer locations. In fiscal year 2026, which ended June 27, 2026, Sysco generated sales of more than $84 billion.
The offering reflects Sysco’s ongoing efforts to strengthen its financial position and support its growth strategy, particularly in light of its pending acquisition of Jetro Restaurant Depot. The company plans to use the proceeds to finance a portion of the consideration for this acquisition, which is not contingent on the completion of the offering.
The transaction with Jetro Restaurant Depot is expected to bring significant benefits to Sysco, including enhanced market presence and expanded product offerings. However, the company cautions that the offering and the transaction are subject to various risks and uncertainties, including regulatory approvals and other closing conditions.
Sysco’s forward-looking statements, including those regarding the terms, timing, and completion of the offering and the anticipated use of the proceeds, are subject to a number of risks and uncertainties. These include geopolitical, economic, and market conditions, as well as risks related to the company’s business initiatives and efforts to implement its transformation strategies.