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SYSCO CORP — Regulatory Filings 2017
Jun 19, 2017
30076_rns_2017-06-19_16c284b9-3538-4a7c-a4aa-c55dc56cff71.zip
Regulatory Filings
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FWP 1 d397543dfwp.htm FWP FWP
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated June 19, 2017
Relating to Preliminary Prospectus Supplement dated June 19, 2017 to
Prospectus dated August 25, 2015
Registration No. 333-206568
FINAL PRICING TERMS
| $750,000,000 3.250% Senior Notes due 2027 | |
|---|---|
| Issuer: | Sysco Corporation |
| Guarantee: | Unconditionally guaranteed by certain subsidiaries of Sysco Corporation |
| Title of Security: | 3.250% Senior Notes due 2027 |
| Principal Amount: | $750,000,000 |
| Maturity Date: | July 15, 2027 |
| Coupon: | 3.250% |
| Interest Payment Dates: | January 15 and July 15, commencing January 15, 2018 |
| Price to Public: | 99.463% of the principal amount |
| Benchmark Treasury: | 2.375% due May 15, 2027 |
| Benchmark Treasury Yield: | 2.188% |
| Spread to Benchmark Treasury: | T + 112.5 bps |
| Yield to Maturity: | 3.313% |
| Optional Redemption Provision: | |
| Make-Whole Call: | T + 20 bps |
| Par Call: | On or after April 15, 2027 (3 months prior to maturity) |
| Change of Control: | Upon the occurrence of both (i) a change of control of Sysco Corporation and (ii) a downgrade of the notes below an investment grade within a specified period, as more particularly described in the preliminary prospectus supplement, |
| Sysco Corporation will be required to make an offer to purchase the notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. | |
| Trade Date: | June 19, 2017 |
| Expected Settlement Date: | T + 3; June 22, 2017 |
| CUSIP/ISIN Numbers: | 871829 BF3 / US871829BF39 |
| Ratings: | A3 (Negative) by Moodys Investors Service, Inc. BBB+ (Stable) by Standard & Poors Ratings Services |
| Joint Book-Running Managers: | Goldman Sachs & Co. LLC J.P. Morgan |
| Securities LLC TD Securities (USA) LLC Wells Fargo | |
| Securities, LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. U.S. Bancorp Investments, Inc. | |
| Co-Managers: | Barclays Capital Inc. BB&T Capital Markets, |
| a division of BB&T Securities, LLC BNP Paribas Securities Corp. Comerica Securities, Inc. Lloyds Securities Inc. PNC Capital Markets LLC Rabo Securities USA, Inc. Santander Investment Securities Inc. The Williams Capital Group, | |
| L.P. |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) and related preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman Sachs & Co. LLC toll free at 1-866-471-2526, J.P. Morgan Securities LLC at 212-834-4533, TD Securities (USA) LLC at 1-855-495-9846 and Wells Fargo Securities, LLC at 1-800-645-3751.
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