NYSE:SYYConsumer Retailing
Is Sysco’s (SYY) New Debt Load Limiting Its Flexibility Amid Escalating Labor Pressures?
Earlier this week, Sysco Corporation completed a US$1.25 billion senior unsecured notes issuance, split between 4.400% notes due 2031 and 4.950% notes due 2036, while more than 500 Sysco Teamsters in Chicago and Montana voted by a very large margin to authorize a strike over pay, benefits, and working conditions.
The combination of new long-term debt and rising labor tensions highlights how Sysco is reshaping its balance sheet just as frontline workforce pressures intensify, potentially...