Baker Botts Represents Underwriters to Sysco Corporation in $1.25 Billion Senior Notes Offering
Deal Description: On December 14, 2021, Sysco Corporation (NYSE: SYY) completed its public offering of $450.0 million aggregate principal amount of its 2.450% Senior Notes due 2031 and $800.0 million aggregate principal amount of its 3.150% Senior Notes due 2051.
Sysco plans to use the net proceeds from the sale of the notes, together with cash on hand, to fund the redemption of its 5.650% Senior Notes due 2025 and 3.550% Senior Notes due 2025.
Baker Botts L.L.P. represented the underwriters in the offering.
Clients: BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan Securities, TD Securities and Wells Fargo Securities acted as joint book-running managers.
Outside Counsel to Sysco: Bracewell LLP
Value: $1.25 billion
Baker Botts Lawyers/Office Involved:
- Corporate: Justin Hoffman (Partner, Houston); Eileen Boyce (Special Counsel, Houston); Emmie Proctor (Associate, Houston); Daniel Jung (Associate, Houston); Michael Donnellan (Associate, Houston)
- Tax: Jon Lobb (Partner, Houston); Phillip Clifton (Associate, Houston)
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