SYY · 8-K · 20260914PR107510

Interest Rate and Refinancing Exposure

SYSCO CORP · 2026-09-14 · Importance 49 · Surprise 6

At December 27, 2025, the Company had $6.245 billion of long-term debt, including variable-rate notes and mortgages bearing rates of 5.25%–5.99%, and its $400 million revolving credit facility also bears variable interest. The revolving facility expires August 30, 2026, and its reference rate changed from LIBOR to SOFR in 2023; there were no outstanding borrowings at year-end. The Company uses interest-rate derivatives to limit cash-flow volatility from rate changes, and reported a $27.4 million net loss on interest-rate swaps in fiscal 2025. Debt maturities include $832.4 million in 2028 and $1.386 billion in 2030.