DESCRIPTION OF NOTES
The following description of certain material terms of the notes and the guarantees does not purport to be complete. This description adds information to the description of the general terms and provisions of the senior debt securities and guarantees in the accompanying prospectus under the heading “Description of Debt Securities and Guarantees.” To the extent this description differs from the description in the accompanying prospectus, you should rely on the description in this prospectus supplement.
The following description is subject to, and is qualified in its entirety by reference to, the indenture (the “base indenture”), dated as of June 15, 1995, between Sysco and The Bank of New York Mellon Trust Company, N.A., as successor trustee (“Bank of New York Mellon”), as supplemented by the Thirteenth Supplemental Indenture, dated as of February 17, 2012, among Sysco, Bank of New York Mellon and the subsidiary guarantors, and two related supplemental indentures (each applicable to one of the series of the notes) to be entered into among Sysco, U.S. Bank Trust Company, National Association, as trustee for each series of the notes offered hereby (the “trustee”), and the subsidiary guarantors, creating and defining the terms of the notes and the guarantees and the forms of the notes attached thereto, to be dated the date of delivery of the notes (we refer to each supplemental indenture, together with the base indenture, as the “indenture”).
Certain capitalized terms used in the following description are defined in the indenture. As used in the following description, the terms “Sysco,” “we,” “us” and “our” refer to Sysco Corporation, and not any of its subsidiaries, unless the context requires otherwise.
We urge you to read the indenture (including definitions of terms used therein) because it, and not this description, defines your rights as a beneficial holder of the notes. A copy of the indenture has been filed as an exhibit to the registration statement of which the accompanying prospectus is a part. You may request copies of the indenture from us at our address set forth above under “Where You Can Find More Information.”
We may, without notice to or consent of the holders or beneficial owners of the notes of either series, issue additional notes of a series having the same ranking, interest rate, maturity and other terms (except the issue date, public offering price and, if applicable, the initial interest payment date) as the notes of that series offered hereby. Any such additional notes issued could be considered part of the same series of notes under the indenture as the notes of that series offered hereby.
The notes will be issued only in registered form, without interest coupons, in denominations of $2,000 and integral multiples of $1,000 thereof. No service charge will be made for any registration of transfer or any exchange of notes, but we may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith.
We do not intend to list the notes on any national securities exchange or included them in any automated dealer quotation system.
Except as set forth under the caption “Material U.S. Federal Income Tax Considerations,” we make no representation as to the tax consequences of purchasing, holding, or selling the notes, or a beneficial interest in the notes, under federal, state, or non-U.S. tax laws. Prospective holders of notes or beneficial interests in the notes are encouraged to consult with their own tax advisors with respect to such tax consequences.
Principal, Maturity and Interest
The 5.750% Senior Notes due 2029, initially limited to $500,000,000 aggregate principal amount and which will mature on January 17, 2029 (the “2029 notes”), and the 6.000% Senior Notes due 2034, initially limited to $500,000,000 aggregate principal amount and which will mature on January 17, 2034 (the “2034 notes” and, together with the 2029 notes, the “notes”), will each constitute a series of senior debt securities issued under the indenture. The trustee will act as registrar, paying agent and authenticating agent and perform administrative duties for us, such as sending out interest payments and notices under the indenture.
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