Sysco (SYY) Closed $15.65 Billion Of Notes Offerings

Sysco (NYSE:SYY) has closed multi billion dollar notes offerings in US dollars and euros to fund its Jetro Restaurant Depot acquisition. The completed financings are tied directly to the pending purchase of Jetro Restaurant Depot, signaling a major shift in Sysco's capital structure. The Jetro Restaurant Depot debt funding is a big move for Sysco's balance sheet, not the whole story for investors. We have also flagged 1 major warning sign for Sysco. To put this debt funded acquisition in...