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DBRS rates Sysco notes AA
DBRS said it assigned a rating of AA (low) with a negative trend to Sysco Corp.'s issuance of $750 million senior unsecured notes.
The notes will be senior unsecured obligations ranking pari passu with Sysco's other senior unsecured debt.
Proceeds from the offering are expected to be used for general corporate purposes, which may include acquisitions, refinancing of debt, working capital, share repurchases and capital expenditures, the agency said.
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