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Sysco Adds $750 Million Term Loan Facility for JRD Acquisition
Filed with the SEC on · Summarized by InvestorsBot
Sysco entered into a First Amendment with CoBank, ACB, the lenders under its revolving credit agreement and Bank of America, N.A., establishing a $750 million senior unsecured delayed draw term loan facility. The facility includes six-year and eight-year tranches of $375 million each, available for one year, and Sysco intends to use the proceeds partly to fund the cash consideration and related costs of its proposed acquisition of JRD Unico, Inc. and Warehouse Realty, LLC.