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Sysco Expands Credit Facilities to Support Jetro Acquisition

Tipranks - Tipranks - Tue Apr 21, 4:26PM CDT

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An announcement from Sysco ( (SYY) ) is now available.

On April 16, 2026, Sysco replaced its existing $3.0 billion senior revolving credit facility with a new revolving credit agreement of the same size that can expand to $4.0 billion upon closing its planned acquisition of Jetro Restaurant Depot, with an option to increase total commitments to $5.0 billion and a maturity date of April 16, 2031. On the same date, the company also entered into a new $3.0 billion term loan agreement split into 364-day and two-year tranches to help fund the Jetro Restaurant Depot merger, refinance JRD’s debt and cover transaction costs, reinforcing liquidity, supporting its commercial paper program and adding customary covenants and guarantees that align with its broader capital structure.

The most recent analyst rating on (SYY) stock is a Hold with a $90.00 price target. To see the full list of analyst forecasts on Sysco stock, see the SYY Stock Forecast page.

Spark’s Take on SYY Stock

According to Spark, TipRanks’ AI Analyst, SYY is a Neutral.

The score is driven primarily by stable operating performance and cash generation, tempered by high leverage that elevates financial risk. Earnings-call guidance and momentum in volumes/FCF support the outlook, but technical signals remain weak and the large Jetro deal adds execution and regulatory/financing uncertainty despite attractive strategic upside.

To see Spark’s full report on SYY stock, click here.

More about Sysco

Sysco Corporation is a global foodservice distribution company that supplies restaurants, healthcare and educational facilities, hospitality venues and other food-away-from-home customers. Through subsidiaries such as Sysco Canada and Sysco Global Holdings, it focuses on broadline foodservice products and related services across North America and international markets.

Average Trading Volume: 4,848,808

Technical Sentiment Signal: Buy

Current Market Cap: $35.43B

See more data about SYY stock on TipRanks’ Stock Analysis page.

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