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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.