Sysco Corporation entered into a first amendment to its existing credit agreement, adding a new term loan facility arranged by CoBank, ACB, the company said in a filing with the SEC.
The amendment, dated September 4, 2026, updates the credit agreement originally signed April 16, 2026 among Sysco, Sysco Canada, Inc., Sysco Global Holdings B.V. as subsidiary borrowers, subsidiary guarantors, a group of lenders and Bank of America, N.A. as administrative agent.
Under the amendment, CoBank, ACB serves as arranger for a new facility called the FCS Term Loan Facility, and CoBank is added as a Term Loan Lender under the agreement. The document adds a new Schedule 2.01(b) and revises Exhibits A, B and C of the original agreement.
New lenders joining the facility represented that they have the authority to become lenders, have reviewed the existing credit agreement and related financial statements, and are acting independently in their credit decisions. The amendment took effect once several conditions were met, including delivery of signed counterparts from all parties, a legal opinion from Paul, Weiss, Rifkind, Wharton & Garrison LLP covering New York law matters, corporate documents confirming Sysco's authority to enter the amendment, payment of fees owed to the administrative agent and lenders, and completion of know-your-customer and anti-money-laundering documentation required under the USA Patriot Act.
Sysco and its subsidiary guarantors confirmed that the amendment does not reduce or discharge their obligations under the agreement and ratified their guarantees. The company and its subsidiaries also represented that entering the amendment does not require additional government approvals, does not violate applicable law or their organizational documents, and does not create liens on company assets beyond those that would not have a material adverse effect.
$SYYSyscoPrice$78.24 ▲1.42%Mentions · 30d3Samplen=3Avg volume182,480View on the dashboardFinazon · prior-day close · Sep 24, 2026