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SYSCO CORPORATION

(SYY)
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Sysco Corporation Enters into an Amendment to the Credit Agreement

09/22/2021 | 05:02pm EST

On September 22, 2021, Sysco Corporation (Sysco) entered into an amendment to the Credit Agreement dated as of June 28, 2019, as previously amended on May 20, 2020 and May 20, 2021, with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto. The Amendment revises the Existing Credit Agreement to (a) eliminate the covenant that had restricted increases to Sysco's regular quarterly dividend and repurchases of equity interests of Sysco, in each case, until the earlier of September 2022 or the date on which Sysco has achieved a certain ratio of consolidated EBITDA to consolidated interest expense, and (b) adjust the covenant requiring Sysco to maintain a certain ratio of consolidated EBITDA to consolidated interest expense. Neither Sysco nor any of its affiliates has any material relationship with any of the other parties to the Existing Credit Agreement, except for (i) the Company's previous credit facilities, with respect to which certain of the other parties to the Existing Credit Agreement (and their respective affiliates) were lenders and (ii) commercial banking, investment banking, underwriting, trust and other financial advisory services provided (or to be provided) to Sysco and its subsidiaries by certain of the lenders under the Existing Credit Agreement (and their respective affiliates), for which they have received (or will receive) customary fees and expenses.


ę S&P Capital IQ 2021
All news about SYSCO CORPORATION
11/23SYSCO CORP : Change in Directors or Principal Officers, Submission of Matters to a Vote of..
AQ
11/23Declaration of Voting Results by Sysco Corporation
CI
11/22Sysco Announces Science-Based Climate Goal, Leads U.S. Foodservice Distribution Industr..
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11/18Sysco Declares Quarterly Dividend Payment
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11/18Sysco Corporation Declares Regular Quarterly Cash Dividend, Payable on January 28, 2022
CI
11/18SYSCO : Sustainability Accounting Standards Board (SASB) Index
PU
11/15SYSCO CORP : Other Events (form 8-K)
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11/09SYSCO CORP Management's Discussion and Analysis of Financial Condition and Results of ..
AQ
11/09Sysco Backs Fiscal 2022 Earnings Outlook After Strong First-Quarter Results; Internatio..
MT
11/09DA Davidson Lifts Sysco's Price Target to $92 From $88, Maintains Buy Rating
MT
More news
Analyst Recommendations on SYSCO CORPORATION
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Financials (USD)
Sales 2022 64 756 M - -
Net income 2022 1 697 M - -
Net Debt 2022 8 808 M - -
P/E ratio 2022 21,2x
Yield 2022 2,72%
Capitalization 35 876 M 35 876 M -
EV / Sales 2022 0,69x
EV / Sales 2023 0,65x
Nbr of Employees 58 000
Free-Float 66,9%
Chart SYSCO CORPORATION
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Sysco Corporation Technical Analysis Chart | SYY | US8718291078 | MarketScreener
Technical analysis trends SYSCO CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 69,98 $
Average target price 88,00 $
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Kevin P. Hourican President, Chief Executive Officer & Director
Aaron E. Alt Chief Financial Officer & Executive Vice President
Edward D. Shirley Executive Chairman
Tom Peck Executive VP, Chief Information & Digital Officer
Sandra G. Carson VP-Enterprise Risk Management & Compliance
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