Sysco $22 billion Restaurant Depot acquisition financing
We are advising the joint lead arrangers and joint lead bookrunners on the facilities
Davis Polk is advising the joint lead arrangers and joint lead bookrunners in connection with a $22 billion senior unsecured 364-day bridge loan facility that will be available to Sysco Corporation to fund its acquisition of Restaurant Depot LLC.
Sysco Corporation is the global leader in selling, marketing and distributing food and non-food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company’s international network supports customers in 90 countries around the world.
Restaurant Depot has been supplying independent food businesses with quality products from large cash and carry warehouse stores since 1990. It is the leading low-cost alternative to other foodservice suppliers by eliminating the overhead of a traditional distributor, focusing on the needs of independent foodservice operators and offering free membership.
The Davis Polk finance team includes partners Jason Kyrwood and Vanessa L. Jackson, counsel Christina C. Bell and Randall (Randy) Dorf and associate Emily (Yuhong) Su. Partner Roshni Banker Cariello is providing capital markets advice. All members of the Davis Polk team are based in the New York office.