SYY · 10-K · 2026A · Full report

Liquidity and Debt Position

SYSCO CORP · 2026-08-21 · Importance 63 · Surprise 64

At June 27, 2026, Sysco had $1.8 billion in cash and cash equivalents, no borrowings under its long-term revolving credit facility, and approximately $4.8 billion in cash and available liquidity; available liquidity was approximately $2.4 billion as of August 4, 2026. At August 4, 2026, commercial paper borrowings were $700 million in the U.S. and $663 million in Europe, while fiscal 2026 weighted-average commercial paper and short-term bank borrowing rates were 4.39%. A $1.0 billion senior-note maturity was paid on July 15, 2026, and notes of $43 million and $749 million mature in April and July 2027, respectively. For the planned Jetro Restaurant Depot acquisition, Sysco’s bridge-loan commitments were reduced from $22 billion to $19 billion after establishing a $3 billion delayed-draw term loan; bridge-facility fees paid by August 4 totaled $126 million. The new revolving credit facility provides $3.0 billion of commitments, increasing to $4.0 billion after the acquisition closes, with an option to increase to $5.0 billion.

Key facts

• As of June 27, 2026, $12.2 billion of Sysco senior notes, debentures, and long-term revolving credit facility borrowings were guaranteed by subsidiary guarantors. source
• As of June 27, 2026, Sysco had no borrowings under its long-term revolving credit facility and approximately $4.8 billion in cash and available liquidity. source
• Sysco's U.S. commercial paper issuance allowance is capped at $3.0 billion and its European commercial paper issuance allowance at €750 million. source
• As of August 4, 2026, Moody’s rated Sysco Baa2 with its outlook under review; S&P rated it BBB with a negative outlook; and Fitch rated its long-term debt BBB and short-term debt F2, both with a negative outlook. source
• As of August 4, 2026, Sysco had approximately $2.4 billion in cash and available liquidity. source
• As of June 27, 2026, Sysco held $1.8 billion in cash and cash equivalents, approximately 39% of which was held by international subsidiaries and generated from international operations. source
• As of August 4, 2026, Sysco had $700 million outstanding under its U.S. commercial paper program and $663 million outstanding under its European commercial paper program, with no borrowings under the supporting long-term revolving credit facility. source
• There were no commercial paper amounts outstanding at the end of fiscal 2026, compared with $205 million outstanding at the end of fiscal 2025. source