USA: Sysco International sells US$200m in Senior Notes Due 2012
Sysco International, a wholly-owned subsidiary of the largest foodservice marketing and distribution firm in the US, Sysco Corporation, has sold US$200m of senior notes due 1 June 2012 in a private offering with registration rights. The notes bear interest at a rate of 6.10% per annum, which will be paid on 1 December and 1 June, beginning 1 December 2002. The notes are fully and unconditionally guaranteed by Sysco Corporation, are unsecured, include a redemption privilege which allows the company to retire the notes at any time prior to maturity with a make whole provision and are not subject to any sinking fund requirement.
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