SYY · 8-K · 20260909PR002526

Interest Rate and Refinancing Exposure

SYSCO CORP · 2026-09-09 · Importance 52 · Surprise 42

In discussing the proposed Jetro Restaurant Depot transaction, Sysco said it ended the fourth quarter with a 2.7x net debt leverage ratio and expects to maintain investment-grade credit ratings. It committed to reducing net leverage by approximately 1.0x within 24 months after closing, while retaining a long-term leverage target of 2.75x. Sysco said it will avoid large-scale M&A until that target is achieved; the presentation stated that the $250 million of net cost synergies are expected to be fully ramped in year three.