Sysco Corporation entered into a First Amendment to its Revolving Credit Agreement on September 4, 2026, establishing a $750 million senior unsecured delayed draw term loan facility with CoBank. The facility comprises two $375 million tranches maturing in six and eight years, available for drawing over one year. Proceeds will partially fund the cash consideration for the proposed acquisition of JRD Unico, Inc. and Warehouse Realty LLC (the "JRD Acquisition"), anticipated to close by Q3 2027. Additionally, the Board approved $2 million in performance share units for CEO Kevin P. Hourican and $1 million for Interim CFO Brandon E. Sewell, contingent on the JRD closing. Executive Vice President Ronald L. Phillips received a $700,000 one-time cash award for AI transformation leadership, with 50% vesting immediately and the remainder upon acquisition completion. Sysco Corporation operates in the foodservice distribution industry.
