Sysco Corporation (NYSE:SYY) ("Sysco" or the "Company") today announced that it intends to make an offering of $1.0 billion of shares of its common stock (the "Offering"). Sysco’s common stock is listed on the New York Stock Exchange under the symbol "SYY."

Sysco intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional $150 million of shares of common stock, solely to cover overallotments, if any, at the same price per share as the other shares of common stock purchased by the underwriters in the Offering.

Sysco intends to use the net proceeds from the Offering to finance a portion of the consideration for its pending acquisition of Jetro Restaurant Depot. The Offering is not contingent on the consummation of the acquisition.

Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as lead book-running managers for the Offering. BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are also acting as book-running managers for the Offering.

The Offering will be made by means of a prospectus supplement under Sysco’s shelf registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the "SEC").