News Releases

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:

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit


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