HOUSTON, Feb. 8, 2008 (PRIME NEWSWIRE) -- SYSCO Corporation (NYSE:SYY) announced today that it has entered into an agreement to sell $750 million of Senior Unsecured Notes. The agreement provides for the notes to be issued in two tranches, comprised of $500 million due 2018 and $250 million due 2013. The bonds will bear interest rates of 5.25% and 4.2% respectively, per annum.
This offering is being made only by means of a prospectus and related prospectus supplement. A copy of the prospectus supplement, together with the prospectus, has been filed with the U.S. Securities and Exchange Commission and is available on the SEC's website, www.sec.gov. The prospectus supplement and the accompanying prospectus may also be obtained by contacting:
Goldman Sachs & Co. Merrill Lynch & Co. JPMorgan
85 Broad Street 4 World Financial 270 Park Avenue
New York, NY 10004 Center New York, NY 10017
Concourse Level 250 Vesey Street Attn: Prospectus
Attn: Prospectus New York, NY 10080 Dep't
Dep't Attn: Prospectus 212-834-4533
1-866-471-2526 Dep't
1-866-500-5408
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The joint bookrunners for the offering are Goldman, Sachs & Co, JPMorgan and Merrill Lynch & Co. Proceeds from the offering will be used to pay down a portion of outstanding commercial paper.
SYSCO sells, markets, and distributes food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.
The SYSCO Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=747