$250,000,000 4.20% Notes
due 2013 |
||
Issuer:
|
Sysco Corporation | |
Title of Security:
|
4.20% Notes due 2013 | |
Size:
|
$250,000,000 | |
Maturity Date:
|
February 12, 2013 | |
Coupon:
|
4.200% | |
Interest Payment Dates:
|
February 12 and August 12, commencing August 12, 2008 | |
Price to Public:
|
99.835% | |
Benchmark Treasury:
|
2.875% due January 31, 2013 | |
Benchmark Treasury Yield:
|
2.787% | |
Spread to Benchmark Treasury:
|
T + 145 bps | |
Re-offer Yield:
|
4.237% | |
Make-Whole Call:
|
T + 25 bps | |
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 by two of three rating agencies (Moodys Investors Service, Inc., Standard & Poors Ratings Services and Fitch Inc.) within a specified period, 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. | |
Expected Settlement Date:
|
T + 3; February 12, 2008 | |
CUSIP Number:
|
871829 AK3 | |
Anticipated Ratings:
|
A1 by Moodys Investors Service, Inc. | |
A+ by Standard & Poors Ratings Services | ||
Joint Book-Running Managers:
|
Goldman, Sachs & Co. | |
Merrill Lynch & Co. | ||
JPMorgan | ||
Senior Co-Managers:
|
Barclays Capital, Mitsubishi UFJ Securities, TD Securities, Wachovia Securities, Wells Fargo Securities | |
Co-Managers:
|
BNY Capital Markets, Inc., BB&T Capital Markets, Comerica Securities, Morgan Stanley, PNC Capital Markets LLC, The Williams Capital Group, L.P., Zions Bank |
1
$500,000,000 5.25% Notes
due 2018 |
||
Issuer:
|
Sysco Corporation | |
Title of Security:
|
5.25% Notes due 2018 | |
Size:
|
$500,000,000 | |
Maturity Date:
|
February 12, 2018 | |
Coupon:
|
5.250% | |
Interest Payment Dates:
|
February 12 and August 12, commencing August 12, 2008 | |
Price to Public:
|
99.310% | |
Benchmark Treasury:
|
4.250% due November 15, 2017 | |
Benchmark Treasury Yield:
|
3.740% | |
Spread to Benchmark Treasury:
|
T + 160 bps | |
Re-offer Yield:
|
5.340% | |
Make-Whole Call:
|
T + 30 bps | |
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 by two of three rating agencies (Moodys Investors Service, Inc., Standard & Poors Ratings Services and Fitch Inc.) within a specified period, 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. | |
Expected Settlement Date:
|
T + 3; February 12, 2008 | |
CUSIP Number:
|
871829 AL1 | |
Anticipated Ratings:
|
A1 by Moodys Investors Service, Inc. | |
A+ by Standard & Poors Ratings Services | ||
Joint Book-Running Managers:
|
Goldman, Sachs & Co. | |
Merrill Lynch & Co. | ||
JPMorgan | ||
Senior Co-Managers:
|
Barclays Capital, Mitsubishi UFJ Securities, TD Securities, Wachovia Securities, Wells Fargo Securities | |
Co-Managers:
|
BNY Capital Markets, Inc., BB&T Capital Markets, Comerica Securities, Morgan Stanley, PNC Capital Markets LLC, The Williams Capital Group, L.P., Zions Bank |
2